Vietnam spends US$14 million per day paying interest on loans

Vietnam saw a budget surplus of VND2.5 trillion (US$107.58 million) in the first six months this year, indicating a sharp improvement from the budget deficit of VND20 trillion (US$860.5 million) from the same period of last year, according to the Ministry of Finance. During the January – June period, Vietnam set aside around VND59.3 trillion (US$2.55 billion) for interest payments, up 6% year-on-year, equivalent to an expenditure of VND330 billion (US$14.18 million) per day, according to the MoF.

Ngoc Thuy