Illuatrative image (Source: VNA)
HCM City (VNA) – The People’s Committee of Ho Chi Minh City has submitted to the Ministry of Finance a plan of issuing 3 trillion VND (134.4 billion USD) in municipal bonds in the domestic market in 2016.

Under the plan, the committee will entrust the HCM City State Financial Investment Company (HFIC) to carry out the bond issue.

The bonds will have five, ten and 15-year terms with a face value of 100,000 VND (4.48 USD).

The first bonds are scheduled to be issued in early October.-VNA