Each Vietnamese bears over US$950 public debt

Vietnam’s public debts were estimated at more than US$86.267 billion as of 8:40am (local time) on December 28, according to Global debt clock at The Economist.com.

Vietnam’s public debts were estimated at more than US$86.267 billion as of 8:40am (local time) on December 28, accounting for 47% of the country’s GDP, according to Global debt clock at The Economist.com.

On average, each Vietnamese is now bearing US$950.62 of public debt, up 10.3% compared to last year’s figure. At this time, the global public debts were US$55,014 billion.

Earlier, at 9:00am on October 14, Vietnam’s public debts hit US$84.607 billion, and averagely, each Vietnamese citizen bore US$933.41. The country’s public debts accounted for 47.3% GDP, or 10.6% higher than the figure recorded in 2013. The global public debts stood at more than U$S54,459 billion at this time.

A year earlier, Vietnam’s public debt stood at US$78.189 billion, or 48.3% of GDP, and each Vietnamese owed US$866.85.

Global Debt Clock predicted that next year Vietnam’s public debt is likely to reach US$94.345 billion, and accordingly, each Vietnamese will bear US$1,034 on average, rising by 9.4% over the 2014 figure.