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The Ministry of Finance has announced the 2026 Plan for borrowing and repayment of public debt following the Prime Minister's approval under Decision No. 352/QĐ-TTg dated February 27, 2026. The annual plan for public debt borrowing and repayment aims to enhance transparency of debt information and help Vietnam approach international best practices in debt management. Publishing the plan annually also helps improve the score in the World Bank's Debt Management Performance Assessment (DeMPA). Moreover, greater transparency of public debt provides access to official and comprehensive data for rating agencies and macroeconomic evaluators. This provides a basis for Vietnam to improve its scores in the governance, transparency, and institutional framework areas under debt management evaluation, contributing positively to the country's sovereign credit rating. Furthermore, realizing the strategic objective for 2026-2030 to improve the national credit rating through debt transparency is a practical step to proactively implement measures to upgrade the sovereign credit rating, in line with Conclusion No. 18-KL/TW dated April 2, 2026, of the Second Plenum of the 14th Party Central Committee on the plan for socio-economic development, national finances and debt management, and the five-year medium-term public investment plan 2026-2030 linked to the target of two-digit growth. According to Decision No. 352/QĐ-TTg dated February 27, 2026, the government's borrowing plan for 2026 is up to 969,796 billion VND. Specifically, borrowing for the central budget balance may reach up to 959,705 billion VND, of which borrowing to cover the central budget deficit may be up to 583,700 billion VND, and borrowing to repay principal not to exceed 376,005 billion VND. Re-lending is about 10,092 billion VND. Funding sources will flexibly combine instruments such as Government bonds issuance; ODA borrowing, concessional foreign loans; government international bonds and other lawful financial sources.
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