In Vietnam, the scale of public debt tends to increase dramatically and has approached the limit set by the National Assembly. This fact indicates the need to enhance the effectiveness of public debt management. Meanwhile, the Law on Public Debt Management in 2009, after eight years of implementation, has revealed some shortcomings that need to be amended and supplemented. In such context, the draft revision of the Law on Public Debt Management has been developed and is expected to be passed at the fourth session of the 14th National Assembly in October - November this year.