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 issue bonds to mobilise resources for the development of the capital city in 2015, according to the Hanoi Moi newspaper.

Hanoi to issue bonds

The bonds, scheduled to be issued by end of this August and worth a total of 2 trillion VND (93.45 million USD), will be invested in ongoing key projects.

The subsequent resources will be allocated for 13 projects to be completed within the year, three official development assistance (ODA), projects needing government counterpart capital and another seven to be completed after 2015.

The municipal Department of Finance has been requested to work closely with the State Treasury to accelerate the effective and efficient implementation of the plan./.

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