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Public debt crisis currently becomes a common concern of many countries. In Vietnam, public debt is at risk level and tends to increase rapidly. This thesis analyzed the current situation and causes of Vietnam’s public debt, and suggested some solutions to control public debt. The research flows from the cases in European countries and Japan to Vietnam to study the con-text of public debt crisis and policy-responses of those countries. The study was conducted by means of the qualitative research method using different theories, together with gathering and analyzing facts and figures. The major of used data in this was secondary which based on books, working papers, reports, online-material, etc. of the world’s major economic and development organizations, governments, governments’ departments, etc. Even though Vietnam’s debt remains well in the safe zone, there are increasing risks in capital mobilization and repayment. Facing the problems of rising public debt, the government has to re-duce budget spending as well as have a strategic plan to borrow and use loans efficiently. Based on the analysis, the strategic solutions have been suggested. The study provided policy suggestions to improve the debt management in order to avoid the risks of crisis in Vietnam.