Vinashin plans to sell bonds in 2009

Vietnam Shipbuilding Industry Group, known as Vinashin, plans to sell US$400 million of bonds early next year, Vietnam News Agency reported, citing Nguyen Quoc Anh, deputy general director and chief business officer.

Vinashin has signed a contract with KPMG to provide auditing services and prepare for the sale, the report said.

Hanoi-based Vinashin also plans to sell VND3 trillion ($181 million) of local-currency denominated bonds to overseas investors to raise money to build crude oil tankers and expand factories, Anh said in an interview on September 24.

Thanhnien

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