Vietnam to Issue Government Bonds in Foreign Currency

Vietnamese Prime Minister Nguyen TanDung has decided to issue government bonds in U.S. dollar for the local bond market.

The volume and interest rate of each batch will be decided by Vietnam's Ministry of Finance on the basis of investment capital demand by focal infrastructure projects and the need to offset State budget overspending, according to the decision.

The ministry will also decide the first batch of the one-year bonds to be issued in the forms of guarantee, auction or retail via the State Treasury of Vietnam.

Eligible buyers are individuals and organizations legally residing in Vietnam.