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VCSC Daily - Stocks hit 10-year high as banks continue to soar - DHG, MWG

Fiscal deficit meets Govt. target, public debt to GDP declines further. According to the Ministry of Finance, Vietnam’s 2017 fiscal deficit came in at VND174 trillion (USD7.7 billion), equivalent to 3.48% of GDP, within the Government target of 3.5%. In 2018, the MoF projects the budget deficit will increase 17% to VND204 trillion (USD9 billion) or 3.7% of FY2018’s GDP.