Budget Deficit

The government expects a budget deficit of $86.7 billion, or 3.7% of the GDP, in the next five-year period.

In 2021, the government would borrow VND624.22 trillion (US$27.2 billion), including VND527.35 trillion (US$23 billion) from domestic source.

Fitch Solutions holds a more optimistic view on Vietnam’s economic rebound in 2021, with its real GDP growth forecast at 8.6%, against the government’s 6.5% target.