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Hanoi to issue bonds

The People’s Committee of Hanoi has just announced its plan to issue bonds to mobilise resources for the development of the capital city in 2015, according to the Hanoi Moi newspaper.
The People’s Committee of Hanoi has just announced its plan to issuebonds to mobilise resources for the development of the capital city in2015, according to the Hanoi Moi newspaper.

Thebonds, scheduled to be issued by end of this August and worth a totalof 2 trillion VND (93.45 million USD), will be invested in ongoing keyprojects.

The subsequent resources will beallocated for 13 projects to be completed within the year, threeofficial development assistance (ODA), projects needing governmentcounterpart capital and another seven to be completed after 2015.

The municipal Department of Finance has been requested to workclosely with the State Treasury to accelerate the effective andefficient implementation of the plan.-VNA
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