VIETNAM GOVERNMENT BONDS TO BE PUT INTO AUCTION
Government bonds worth VND300 billion (nearly US$18.8 million) in total will be put to auction at the Ha Noi Securities Trading Centre on the afternoon of July 31.
The five-year bonds, having a face value of VND100,000 (roughly US$6.25) each, will be issued by the State Treasury on August 2. The bonds will be released in the form of book-entries, with the interest being paid annually.
110 TRILLION TO BE ISSUED TILL 2010
Viet Nam plans to issue VND110 trillion (nearly US$6.9 billion) worth of Government bonds during the 2003-2010 period under a decision signed by the Prime Minister on July 24.The bond issuance, which has been introduced in both Vietnamese dong and US dollars, aims to boost investment in a number of key projects.The capital will be disbursed by the State Treasury in accordance with implementation progress of these projects, thus ensuring capital supply for these projects to be completed as scheduled.