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Exclusive: Vietnam finance minister calls for flexibility in forex policy, says debt ratio decreasing

Reuters  |  HANOI 

(Reuters) - should be more flexible in handling its exchange rate, and is on track to cut its public debt to about 60 percent of by 2020, the Southeast Asian country's minister said on Wednesday.

"If the dong loses value and we still prop it up, it's not beneficial in the long term," told "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 and Mai Nguyen; Editing by Clarence Fernandez)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 17:59 IST