Sunday, January 30, 2005

Vietnam plans to raise $666 million via government bonds

Vietnam’s Ministry of Finance plans to raise $666 million by issuing five and ten-year government bonds in both Vietnamese dong and US dollars from Feb. 10-Dec. 15 this year, in order to finance key infrastructure projects. $636 million of this amount is to be in dong, and the remaining $30 million in US dollars. This is the third government bond issuance since 2003, part of Vietnam's plan to raise $ 4 billion for major infrastructure projects until 2010. (Vietnam Economic Times Jan 28 p3, Young People Jan 28 p2, Vietnam & World Economics Jan 28 p1, VNS Jan 20 p15, Vietnam News Briefs, Jan. 28).


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