Vietnam’s Public Debt and the Evolution of Its Fiscal Policy Framework
A new HAPRI study, co-authored by Tung Bui, Nguyen Doan and Canh Phuc Nguyen (HAPRI Senior Research Associate), provides a comprehensive analysis of Vietnam’s public debt. It traces the debt's trends and the evolution of the country's fiscal policy framework.
Context
The chapter looks at public debt through the case of Vietnam. Its title describes Vietnam as a low distress risk Asian country. It appears in The Palgrave Handbook of Public Debt and Policy Mix, alongside the legislative reforms that have shaped Vietnam's fiscal policy framework.
Methods
The chapter is a case study of Vietnam. It opens with an overview of public debt trends and then reviews how the country's fiscal policy framework has evolved, including the legislative reforms behind it.
Key findings
The chapter provides a comprehensive analysis of Vietnam’s public debt.
It begins with an overview of the trends in Vietnam's public debt and of the evolution of its fiscal policy framework.
That framework includes legislative reforms that have progressively institutionalised fiscal decentralisation.
Keywords:
Vietnam
Public Debt
Fiscal Policy
Fiscal Decentralization
Fiscal Reform
Link:
Citation:
Bui, T., Doan, N., & Nguyen, C. P. (2026). Public Debt Issues in a Low Distress Risk Asian Country: The Case of Vietnam. The Palgrave Handbook of Public Debt and Policy Mix, 625-636.
