Vietinbank has been permitted under the State Bank's decision No.956/QD-NHNN to issue long-term bonds in 2010 with a total value of 800 million USD this week.

Under the decision, Vietinbank will issue a medium-term business plan outlining its policies.

Bond buyers cannot include economic organisations except for credit institutions.

Vietinbank will issue the bonds under the provision of bond regulations issued by domestic credit institutions, issued together with Decision No 07/2008/QD-NHNN and Circular 16/2009/TT-NHNN from the central bank.

Vietinbank will be held responsible for the correct use of the funds raised from the issuance, to ensure efficient and safe operation in accordance with the governor of the State Bank.

This year, Vietinbank has set the target of achieving 4 trillion VND in pre-tax profits, a year-on-year increase of 18 percent./.