HCMC issues VND3,000 billion local government bonds

The Ho Chi Minh City People’s Committee has just approved the VND 3,000billion issuing local government bond project in 2015 with a cost of VND 100,000, aiming to mobilize preferential investment capital for 64 projects passed by the municipal People’s Council.

Accordingly, the city will issue VND 2,000billion for the 1st time on September 15 at the 3, 5, 10, 15 year terms. It is estimated to issue the second time in year-end.

In 2014, the city issued successfully VND 3,000billion local government bonds bringing a total issued bond up to VND 10,000billion, according to the city department of Finance.

N.Nhung –Translated by M.Quyen

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