Of the total planned borrowing, around 60% will be used to cover the State budget deficit while the remainder will go towards principal debt repayment, according to the public borrowing and debt repayment plan for this year accounced by the Ministry of Finance.
The main funding source this year will be domestic government bond issuance, with an estimated volume of 500 trillion VND to be raised through auctions at the Hanoi Stock Exchange. This is expected to help ensure proactiveness and stability in the domestic capital market.
Regarding debt obligations, total repayments are estimated at over 530 trillion VND this year, including more than 490 trillion VND in direct government debt repayments, with the remainder allocated to…