The government plans to borrow more than $75 billion over three years.

Regarding government guarantees,Prime Minister Pham Minh ChinhThe requirements stipulate that the maximum amount of government-guaranteed bonds issued should equal the annual principal repayment obligations of the two policy banks (Vietnam Social Policy Bank and Vietnam Development Bank). Simultaneously, new guarantees for domestic and foreign borrowing by enterprises should be restricted; the annual limit on domestic and foreign loan guarantees must ensure that the growth rate of government-guaranteed outstanding debt does not exceed the GDP growth rate of the previous year.

Regarding borrowing and debt repayment by local governments., controlling deficit and debt limits as prescribed by regulations.State Budget LawIn 2015, the local government's budget deficit was approximately 0.2% of GDP annually. The local government's debt repayment obligations amounted to approximately VND 18,400 billion.

Regarding the limits on foreign commercial loans for businesses and credit institutions.Under the self-borrowing and self-repayment method, the growth rate of short-term debt is controlled at a maximum of 18-20% per year; the maximum annual net borrowing limit for medium and long-term loans is approximately 6.35-7 billion USD, ensuring that the country's foreign debt indicator remains within the permitted limits.

In 2021 alone, the Government borrowed 624,221 billion VND (527,357 billion VND domestically and 96,864 billion VND from abroad). Of this amount, 579,772 billion VND was borrowed to balance the central budget and 44,449 billion VND was borrowed for on-lending.

This year, the government plans to repay 394,506 billion VND in debt, including 366,224 billion VND in direct debt and 28,282 billion VND in debt for on-lending projects.

This year, local authorities are expected to borrow approximately 28,797 billion VND from the government's foreign loan sources and other sources. The local government's debt repayment will be 6,662 billion VND (3,997 billion VND for principal and 2,665 billion VND for interest).

For foreign commercial loans not guaranteed by the Government, businesses can borrow a maximum of US$6.35 billion on a self-borrowing, self-repaying basis; the growth rate of short-term foreign debt is approximately 18-20% compared to the outstanding debt as of December 31, 2020.

Prime Minister Pham Minh Chinh requested the Ministry of Finance to proactively allocate resources to fully fulfill the government's debt repayment obligations, preventing any delays.overdue debtThis affects international commitments. This agency is also tasked with proactively determining the maturity of government bonds, linking issuance to debt portfolio restructuring and developing the government bond market.