Vietnam finmin calls for flexibility in forex policy, says debt ratio decreasing
HANOI, Sept 12 (Reuters) - Vietnam should be more flexible
in handling its exchange rate, and is on track to cut its public
debt to about 60 percent of gross domestic product by 2020, the
Southeast Asian country's finance minister said on Wednesday.
"If the dong loses value and we still prop it up, it's not
beneficial in the long term," Dinh Tien Dung told Reuters. "It
needs to be more flexible to support development and growth."
Dung said Vietnam's public debt is projected to fall to 60
percent of GDP by 2020, from an expected 61.3 percent this year,
citing strong economic growth and debt reform.
(Reporting by James Pearson and Mai Nguyen; Editing by Clarence
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.