Hanoi, Oct. 16 -- The above ratio represents a five-percent increase from 2022 when the Government adopted the public debt strategy through 2030.

Other debt indicators, including public debt, government debt, and direct debt payment obligation remain the same.

Specifically, annual public debt shall not exceed 60 percent of GDP while annual government debt shall not exceed 50 percent of GDP.

Meanwhile, the Government's direct debt payment obligation shall not exceed 25 percent of total state budget revenue.

Last February, the Government released a debt plan, under which the Government targets to borrow VND969,796 billion (US$38.5 billion) in 2026.

The figure includes VND583.700 billion for central budget to cover deficits, and VND376,...