Rising uncertainty over fiscal policy has seen South Africa’s sovereign credit cut to junk status by two rating agencies, although the move appears to have had only a modest impact on the currency thus far, with inflation still within the target range.
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Rising public debt and persistent budget deficits are among the greatest downside risks to what is otherwise a generally robust economic outlook for Vietnam. According to official figures, public debt came in at 64.73% of GDP in 2016, just below the 65% ceiling set by the National Assembly, despite government revenues coming in 7.8% above...
What strategies need to be emphasised to ensure Vietnam is able to remain below the National Assembly’s public debt limit of 65% of GDP?
Vietnam has been a member of the ASEAN since 1995, when it joined as part of its ongoing process of integrating into the global economy and opening to the world. In recent years, it has taken an increasingly active stance in the organisation, while its economy has closed the gap on the more affluent founding members.
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