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Vietnam will continue to issue international bonds this year to raise financing for key infrastructure projects, according to the Government Office.
The Prime Minister requested an issuance of close to US $1 billion in bonds this year to provide loans for projects, including the Dung Quat Oil Refinery, the Secaman hydro-electric power plant 3 and the Vietnam National Shipping Lines Corporation’s ship purchase plan.
The PM assigned the Ministry of Finance to design the bond issuance and to report back on its findings at the regular cabinet meeting to be held later this month, the Office added.
The bonds are expected to have a term of 15 and 20 years.
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