Vietnam’s public debt is still at a safe level, Mori Mutsuya, Chief Representative of the Japan International Cooperation Agency (JICA) told the press in Hanoi on March 6.
The country’s public debt is close to the ceiling rate. Unlike other countries, Vietnam’s loans enjoy a low interest rate, so its public debts are safer, Quan doi Nhan dan newspaper quoted the Japanese official as saying.
Vietnam is able to pay back its debts before they are due, he affirmed.
In the fiscal year from April 2013 to March 2014, Japan provided Vietnam with 200 billion JPY (1.94 billion USD) in official development assistance (ODA).
From 1992 to 2012, Japan provided a total amount of 2 trillion JPY in ODA and 84 billion JPY in non-refundable aid for Vietnam, he said, adding that the country also helped train about 21,000 Vietnamese people while sending a great number of experts and volunteers to Vietnam./.
The country’s public debt is close to the ceiling rate. Unlike other countries, Vietnam’s loans enjoy a low interest rate, so its public debts are safer, Quan doi Nhan dan newspaper quoted the Japanese official as saying.
Vietnam is able to pay back its debts before they are due, he affirmed.
In the fiscal year from April 2013 to March 2014, Japan provided Vietnam with 200 billion JPY (1.94 billion USD) in official development assistance (ODA).
From 1992 to 2012, Japan provided a total amount of 2 trillion JPY in ODA and 84 billion JPY in non-refundable aid for Vietnam, he said, adding that the country also helped train about 21,000 Vietnamese people while sending a great number of experts and volunteers to Vietnam.-VNA
The country’s public debt is close to the ceiling rate. Unlike other countries, Vietnam’s loans enjoy a low interest rate, so its public debts are safer, Quan doi Nhan dan newspaper quoted the Japanese official as saying.
Vietnam is able to pay back its debts before they are due, he affirmed.
In the fiscal year from April 2013 to March 2014, Japan provided Vietnam with 200 billion JPY (1.94 billion USD) in official development assistance (ODA).
From 1992 to 2012, Japan provided a total amount of 2 trillion JPY in ODA and 84 billion JPY in non-refundable aid for Vietnam, he said, adding that the country also helped train about 21,000 Vietnamese people while sending a great number of experts and volunteers to Vietnam./.
The country’s public debt is close to the ceiling rate. Unlike other countries, Vietnam’s loans enjoy a low interest rate, so its public debts are safer, Quan doi Nhan dan newspaper quoted the Japanese official as saying.
Vietnam is able to pay back its debts before they are due, he affirmed.
In the fiscal year from April 2013 to March 2014, Japan provided Vietnam with 200 billion JPY (1.94 billion USD) in official development assistance (ODA).
From 1992 to 2012, Japan provided a total amount of 2 trillion JPY in ODA and 84 billion JPY in non-refundable aid for Vietnam, he said, adding that the country also helped train about 21,000 Vietnamese people while sending a great number of experts and volunteers to Vietnam.-VNA
