Vietnam’s foreign debts rise rapidly on USD appreciation

The nation’s foreign debts had reached VND2,451,978 billion as shown in the government’s report to the National Assembly on using loans and managing public debts as of the end of December 2017. With the official exchange rate of VND22,425 per dollar announced by the State Bank of Vietnam (SBV) on the last day of the last year, Vietnam’s total foreign debts had reached $109.34 billion.

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Kim Chi