Ho Chi Minh City, Nov. 10 -- The Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) is exploring funding opportunities through JPY-denominated bond issuance, with a proposed maturity of five to 10 years and an indicative interest rate of around 3%.

This is part of efforts to diversify medium- and long-term funding sources for the city's development, according to the VIFC-HCMC.

During the official visit to Japan by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam, the VIFC-HCMC held working sessions with Mitsubishi UFJ Financial Group (MUFG) and Mitsubishi UFJ Morgan Stanley Securities (MUMSS) in Tokyo to discuss potential support for bond issuance through the centre.

The mee...