The Prime Minister has recently issued a pilot financial mechanism for health care projects using official development assistance (ODA) and preferential loans.
Vietnam is targeting keeping public debt, comprising central government debt, government-backed loans, and local government debt, below 65 percent of GDP between 2016 and 2018.
About 1 billion USD from the State budget is spent for foreign loan and interest repayments every year, an official of the Ministry of Finance said on October 25.