Proceedings of the International Conference on Communication, Language, Education and Social Sciences (CLESS 2022)

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The Role of Public Debt to Economic Development - The Case of Vietnamese Economic Development in the Next Decade (2023–2033)

Authors
Anh Duc Tran1, 2, Hanh Thi Le3, Khong Sin Tan4, *, Long Duc Bao Nguyen2, 5, Ai Tran2, Van Thi Nguyen2, 5
1The Ministry’s Office, Ministry of Construction, Hanoi, Vietnam
2Nguyen Tat Thanh University, Ho Chi Minh City, Vietnam
3Department of Investment, Ministry of Finance, Hanoi, Vietnam
4Faculty of Business, Multimedia University, Cyberjaya, Malaysia
5Japan Vietnam Hi-Tech R&D Center, Ho Chi Minh City, Vietnam
*Corresponding author. Email: kstan@mmu.edu.my
Corresponding Author
Khong Sin Tan
Available Online 26 December 2022.
DOI
10.2991/978-2-494069-61-9_6How to use a DOI?
Keywords
Public Debt; GDP; Inflation; Economic Growth; Vietnam
Abstract

In the context of international and regional integration, Vietnam is encountering enormous challenges, especially in economic development. The most favoured cross-cutting principle for capital-related solutions is that domestic capital plays the central role and borrowings are also very important. This study investigates the current status of public debt in Vietnam and trends in the evolution of Vietnam’s public debt. It aims to answer an important question should Vietnam increases saving for investment or take advantage of low-interest borrowings. The study results give some implications to public debt management toward a safe national fiscal system while ensuring economic development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Communication, Language, Education and Social Sciences (CLESS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
26 December 2022
ISBN
10.2991/978-2-494069-61-9_6
ISSN
2352-5398
DOI
10.2991/978-2-494069-61-9_6How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Anh Duc Tran
AU  - Hanh Thi Le
AU  - Khong Sin Tan
AU  - Long Duc Bao Nguyen
AU  - Ai Tran
AU  - Van Thi Nguyen
PY  - 2022
DA  - 2022/12/26
TI  - The Role of Public Debt to Economic Development - The Case of Vietnamese Economic Development in the Next Decade (2023–2033)
BT  - Proceedings of the International Conference on Communication, Language, Education and Social Sciences (CLESS 2022)
PB  - Atlantis Press
SP  - 42
EP  - 53
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-61-9_6
DO  - 10.2991/978-2-494069-61-9_6
ID  - Tran2022
ER  -