DO THE DEBT OF PRIVATE DEBT DEVELOPMENTS
Or more precisely, to minimize the investment turned into public debt owed to resolve bad debts. According to the Ministry of Finance, Vietnam's public debt was 54.6% of GDP in 2011. Debts of state-owned enterprises (which international practice considered public debt, while Vietnam does not count on the public debt) is probably more than 50% of GDP.
If so, we have exceeded the safety threshold (60% of GDP OECD) and 90% of GDP threshold of crisis for a long time. Resolve bad loans by the National Assembly for the very urgent problem. Correct. The most important principle in resolving the bad debt is not to turn private debt into public debt. Because of rising debt could lead to the insolvency of the State of Vietnam.
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