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Home / Economy / Banking & Finance
Vietnam spends over US$6.5 billion paying debts in 8 months
Hai Yen 17:10, 2018/09/10
In August, Vietnamese government signed a loan agreement worth US$150 million, taking the total number of loan agreements in eight months to 10 with a value of US$1.13 billion.
The Vietnamese government spent VND4.27 trillion (US$182.5 million) on servicing debts in August, leading to a total of VND152.71 trillion (US$6.52 billion) in the first eight months of 2018, stated the Ministry of Finance (MoF). 
 
Illustrative photo.
Illustrative photo.
Upon breaking down, payments of foreign and domestic debts were VND122.8 trillion (US$5.24 billion) and VND29.91 trillion (US$1.27 billion) during the January - August period, respectively. 

The MoF also informed that Vietnam's state budget expenditures in the first eight months stood at VND873.5 trillion (US$37.31 billion), equivalent to 57.3% of the year's estimate, up 10.2% year-on-year. 

Additionally, the government issued VND-denominated sovereign bonds worth VND14.26 trillion (US$609.5 million) in August, accumulating VND119.26 trillion (US$5.1 billion) in the eight months, or 43.2% of the year's target. 

In August, the Vietnamese government signed a loan agreement worth US$150 million, taking the total number of loan agreements in eight months to 10 with a value of US$1.13 billion. 

With regard to the state sector reform, the government approved the equitization schemes of 10 state-owned enterprises (SOEs) with total assets of VDN29.52 trillion (US$1.26 billion) in the eight-month period, of which state capital amounted to VND15.27 trillion (US$652.7 million). 

The divestment process during this period from SOEs resulted in proceeds of VND9.14 trillion (US$390.81 million) from unloading VND3.77 trillion (US$161.2 million) in book value. 
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