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Saturday, November 16, 2024

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Funding for high-speed railway

The planned North-South high-speed railway will be one of Vietnam’s largest and most critical infrastructure projects in the coming decade. Although its overall plan has been approved, it would be tough to secure capital for this big-ticket project, making the search for innovative and efficient financial solutions crucial to ensuring its feasibility. It is no easy task to mobilize funds for the North-South high-speed railway project. Its super-large scale would place a strain on the state budget if it is funded solely by the State. If taking out foreign loans, public debt would balloon and thus threaten national financial security, not to mention the conditions imposed by international lenders. Therefore, seeking domestic financial solutions combined with modern financial instruments is essential to address the project’s financial matter. Evaluations of funding options emphasize the importance of leveraging domestic resources and employing financial tools like Real Estate Investment Trusts (REITs) to ensure the project’s feasibility. Vietnam must fully tap the potential of its domestic economy and adopt modern financial models successfully applied in other countries. This approach not only eases the burden on the budget but also opens opportunities for citizens and businesses to participate in national infrastructure development. Leveraging domestic resources […]
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Public debt seen below NA-approved limit

HCMC – Vietnam’s public debt is expected to reach VND4-4.1 quadrillion by the end of this year, equivalent to 36-37% of GDP, according to...

Vietnam’s 2023 public debt at 37% of GDP

Vietnam’s public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of Finance.

Vietnam’s 2023 public debt at 37% of GDP

HCMC - Vietnam's public debt in 2023 amounted to VND3.8 quadrillion, equivalent to 37% of gross domestic product (GDP), according to the Ministry of...

Vietnam plans to borrow over VND676 trillion in 2024

HCMC – The Government of Vietnam has announced its plan to borrow over VND676 trillion (or nearly US$27.5 billion) next year, with 55.2% of...

Vietnam’s public debt-to-GDP ratio declines

HCMC - Vietnam's public debt-to-GDP ratio has been inching down steadily since 2018, at 37.4% of the country’s gross domestic product (GDP) as of 2022. Foreign...

Government proposes borrowing US$27.5 billion in 2024

HCMC – The Government has put forth a proposal to borrow VND676 trillion (US$27.5 billion) in 2024 to address budget deficit, service existing debt...

Vietnam’s public debt drops sharply

HCMC - Vietnam's public debt amounted to US$157 billion in 2021, or 43.1% of gross domestic product (GDP), lower than the 62.2% in 2016. Vietnam's...

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