Gov’t to Issue US$1 Billion in International Bonds

The government will issue US$1 billion in international bonds, Prime Minister Nguyen Tan Dung said at a recent meeting of the Finance Ministry in Ha Noi.

The bonds will be issued for loans or to act as a guarantee for local firms to issue their own bonds on the international market. Local firms could also issue their bonds directly without a government guarantee.
The PM also requested that the government issue international bonds with durations of 15 and 20 years and that they lend some of them to organizations that have invested in important projects like the Dung Quat Oil Refinery and Semakan 3 Hydropower Plant being built by Songda hydro electricy general Company.

Source: Tuoi Tre – Translated by Thuy Hang

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