Vietnam's public debt is nearing a risk threshold.

According to the Global Debt Clock on The Economist.com, as of 9:00 AM (Vietnam time) today (October 14, 2014), Vietnam's public debt stands at over US$84.607 billion; the average public debt per capita is US$933.41; public debt accounts for 47.3% of GDP, an increase of 10.6% compared to 2013. Global public debt at this time is over US$54.459 billion.

Vietnam's public debt index on The Economist.com's Global Public Debt Clock. at 9:00 AM on October 14, 2014

Previously, as of 10:00 AM (Vietnam time) on June 13, 2014, Vietnam's public debt stood at over US$81.885 billion; the average public debt per capita was US$905.18; public debt accounted for 47.7% of GDP, an increase of 10.9% compared to 2013. Global public debt at that time was at over US$53.551 billion.

Thus, after four months, the total public debt of our country increased by $2.72 billion, with debt per capita increasing by $28.23. However, when calculated as a percentage of GDP, the public debt ratio decreased by 0.4% over the past four months.

Today (October 14), VnExpress quoted National Assembly Vice Chairwoman Nguyen Thi Kim Ngan as saying that Vietnam's public debt ratio, as reported by the Government at the upcoming session, is "almost" 64% of GDP. Specifically, in response to concerns from foreign investors about Vietnam's public debt, Ms. Kim Ngan affirmed that this is an issue that the National Assembly is paying close attention to. Vietnam currently stipulates that public debt should not exceed 65% of GDP.

At the National Assembly Standing Committee's working session on October 9th, the figure of 64% of GDP was also mentioned in the government's report. This is the projected level by the end of 2015. Meanwhile, the estimated figure by the end of 2014 was equivalent to 60.3% of GDP.

Regarding public debt, on the afternoon of June 11, 2014, Minister of Finance Dinh Tien Dung's report to the National Assembly stated that: In absolute terms, public debt has tended to increase in recent years. However, compared to GDP, the rate of change has not been significant (the public debt-to-GDP ratio was 51.7% in 2010, 50.1% in 2011, 50.8% in 2012, and an estimated 54.1% in 2013).

According to vov.vn