Vietnam Expressway to sell VND1 trillion of bonds this week

Vietnam Expressway Corp., the state-owned toll-road operator, plans to sell VND1 trillion (US$56 million) of bonds this week, the Hanoi Securities Trading Center said on its website.

The Hanoi-based company will auction VND500 billion of three-year notes and the same amount of five-year securities on August 19 at the Hanoi Securities Trading Center, according to the statement.

Proceeds will be used to develop a highway from Noi Bai airport in Hanoi to the northern border province of Lao Cai, it said.

thanhnien, bloomberg

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