Hanoi, April 29 -- Hanoi (VNS/VNA) - Vietnam is expected to mobilise nearly 970 trillion VND (37 billion USD) this year, almost 20% higher than the level set in last year's public borrowing and debt repayment plan, as the Government moves to balance financing needs with debt safety. Of the total planned borrowing, around 60% will be used to cover the State budget deficit while the remainder will go towards principal debt repayment, according to the public borrowing and debt repayment plan for this year accounced by the Ministry of Finance. The main funding source this year will be domestic government bond issuance, with an estimated volume of 500 trillion VND to be raised through auctions at the Hanoi Stock Exchange. This is expected to h...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.