Since 1993, the Socialist Republic of Vietnam has pursued a policy of restructuring its
external debt in order to reduce its debt burden. In 2002, the Bretton Woods institutions
prepared a debt sustainability analysis that concluded that the country was not eligible
for the Enhanced Highly Indebted Poor Country (HIPC) Initiative. Furthermore, in
2003, the Vietnamese authorities approved a debt strategy for the period of 2001-2010
formulated by the Ministry of Planning and Investment (MPI). This debt strategy
provides the overall objectives of the country’s borrowing objectives and volumes over
the next decade. ...