In accordance with the Law on Public Debt Management, amended and supplemented by Law No. 141/2025/QH15, and Decree No. 84/2026/ND-CP dated March 25, 2026, amending and supplementing a number of articles of Government Decrees in the field of public debt management, the Ministry of Finance has officially announced the Public Debt Borrowing and Repayment Plan for 2026 after it was approved by the Prime Minister (in Decision No. 352/QD-TTg dated February 27, 2026).
According to the Ministry of Finance, the annual publication of the Public Debt Borrowing and Repayment Plan helps Vietnam quickly approach international best practices in debt management. The publication also directly improves Vietnam's score in the Debt Management Strategy assessment criteria using the World Bank's Debt Management Performance Assessment (DeMPA) tool.
This also helps link public debt transparency with national credit ratings. Enhanced transparency on public debt facilitates access to official and comprehensive information for credit rating agencies and macroeconomic assessment organizations.
"This provides a foundation for Vietnam to improve its scores in assessment frameworks on 'transparency - governance - institutions,' thereby contributing positively to improving the country's credit rating," the Ministry of Finance noted.
The announcement of the annual public borrowing and debt repayment plan also aims to realize the strategic goals for the 2026-2030 period. The goal of improving the national credit rating through efforts to increase transparency in public debt is a practical action to proactively implement solutions to improve the national credit rating, fulfilling the objectives set out in Conclusion No. 18-KL/TW dated April 2, 2026, of the Second Plenum of the Central Committee of the 14th Party Congress on the five-year plan for socio-economic development, national finance, and public borrowing, debt repayment, and public investment for 2026-2030, linked to achieving double-digit growth.
According to the 2026 plan, the Government expects to mobilize a total capital of VND 969,796 billion to meet investment and development needs. Of this, the issuance of government bonds will play a leading role with VND 500,000 billion, alongside ODA loans, preferential foreign loans, and other legitimate financial sources.
Regarding repayment obligations, the total projected debt repayment amount is VND 534,739 billion, including VND 493,405 billion in direct government debt and VND 41,334 billion in ODA loans and preferential foreign loans for on-lending.
Under this plan, public debt safety indicators will continue to be tightly controlled and remain within permissible limits. Specifically, public debt is projected at 35-36% of GDP (60% ceiling); direct debt service obligations relative to state budget revenue will be approximately 20-21%, ensuring it remains below the 25% limit.
Source: https://daibieunhandan.vn/cong-bo-ke-hoach-vay-tra-no-cong-nam-2026-10414596.html
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