National debt, or foreign debt, when reaching an excessive level, often leads to an economic crisis.

Delay in paying government debts was due to the lack of seriousness of related government agencies in following the instruction of the prime minister.

The National Assembly has approved a plan to raise the foreign ODA ceiling from VND300 trillion to VND360 trillion ($15.41 billion) for medium-term public investment in the 2016-2020 period.

VietNamNet Bridge - The increased debt incurred by private businesses will bring risks: the exchange rate and the dollar interest rate will increase.

Analysts say Vietnam is facing dual difficulties: it has to prepare for the period when ODA (official development capital) capital will decrease, and must also bear pressure as 50 percent of domestic debts will be due in three years.

VietNamNet Bridge - The nation’s foreign debts had reached VND2,451,978 billion as shown in the government’s report to the National Assembly on using loans and managing public debts as of the end of December 2017.

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 VietNamNet Bridge – In the January-November period of 2013, the state budget paid VND89.5 trillion of debt ($4.26 billion), equivalent to about 11 percent of the total budget spending.

 VietNamNet Bridge – As of December 31, 2013, public debt, Government debt and foreign debt was 55.4%; 43.1% and 42%, respectively, remaining in safe waters, according to Deputy PM Vu Van Ninh.

Whether Vietnam can settle bad debts or not will decide how the Vietnam’s national economy performs in 2013. Meanwhile, it’s still unclear where the money to settle the bad debts comes from.