Supervision of the tender for government bonds. (Source: VNA)Hanoi (VNA) – Vietnam’s financialsector will issue long-term Government bonds in order to raise 340 trillion VND(over 15 billion USD) for the State budget in 2017.
Of that targeted sum, 184 trillion VND (8.15billion USD) will be used to offset budget overspending and the remaining 156trillion VND (6.91 billion USD) will be spent on paying off original loans.
The Vietnam State Treasury said it has issued avariety of Government bonds, with terms ranging from 3-30 years, mostly from 5years upwards to ease the debt payment pressure on the State budget in the nearfuture.
According to the Ministry of Finance, up to 91.1percent of Government bonds issued in 2016 has terms of at least five years, surpassingthe target of 70 percent set by the National Assembly.
The average interest rate for Government bondslast year was 6.49 percent per annum, down 54.5 percentage points from 2011.
In 2016, the State Treasury raised 281.75 trillionVND (12.48 billion USD) from Government bonds, 55 trillion VND (2.43 billionUSD) from social insurance.
It disbursed 1.9billion USD from official development assistance (ODA) capital and preferentialloans, meeting the estimated budget spending.-VNA
Of that targeted sum, 184 trillion VND (8.15billion USD) will be used to offset budget overspending and the remaining 156trillion VND (6.91 billion USD) will be spent on paying off original loans.
The Vietnam State Treasury said it has issued avariety of Government bonds, with terms ranging from 3-30 years, mostly from 5years upwards to ease the debt payment pressure on the State budget in the nearfuture.
According to the Ministry of Finance, up to 91.1percent of Government bonds issued in 2016 has terms of at least five years, surpassingthe target of 70 percent set by the National Assembly.
The average interest rate for Government bondslast year was 6.49 percent per annum, down 54.5 percentage points from 2011.
In 2016, the State Treasury raised 281.75 trillionVND (12.48 billion USD) from Government bonds, 55 trillion VND (2.43 billionUSD) from social insurance.
It disbursed 1.9billion USD from official development assistance (ODA) capital and preferentialloans, meeting the estimated budget spending.-VNA
VNA
