HANOI : Vietnam is considering a raising of the ceiling on its public debt from the current level of 60per cent of gross domestic product to shore up an economy hit by the coronavirus, its investment minister said on Friday.
Vietnam's GDP contracted 6.17per cent in the third quarter of 2021 from a year earlier as pandemic restrictions hit, the sharpest quarterly decline on record. The southeast Asian country, which has set a growth target of 6.5per cent for this year, will likely see upward pressure on inflation, its central bank governor Nguyen Thi Hong told lawmakers.
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