Government bonds in foreign currencies to be issued

The Government has decided to issue Government bonds in foreign currencies worth US$1 billion in total.

This capital will be invested in the country’s key projects and cover the State budget’s overspending.

The Government has asked the Ministry of Finance, the Ministry of Planning and Investment and the State Bank of Vietnam to monitor the balance between supply and demand so that the Government can continue to issue more bonds in foreign currencies on the domestic market at a more suitable time in 2009.

Prime Minister Nguyen Tan Dung has agreed to issue Government bonds worth VND2,000 billion to invest in a project to develop Hiep Phuoc port and the surrounding area and another project to dredge the Soai Rap canal. He has also allowed the Ho Chi Minh City People’s Committee to issue bonds worth VND20,000 billion to invest in a project to build a new urban area in Thu Thiem.

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