Deputy PM: Vietnam Plans to Issue VND20 Tln G-Bonds Next Year

The government of Vietnam has unveiled its plans to issue VND20 trillion (US$1.212 billion) worth g-bonds next year part of the multibillion dollar stimulus package to support the economy to lift out of recession, state-run Nhan Dan newspaper said citing Deputy PM Nguyen Sinh Hung.

 

Mr Hung has pledged that the government will grant mandates to state-owned enterprises to help boost investment and consumption as well as achieve the set GDP growth of 6.5 per cent next year.

 

To reach the target, the government will work with lawmakers to amend laws on investment, procurements and construction.

 

Mr Hung also unveiled details of the VND110 trillion (US$6.6 billion) stimulus package to help lift the economy out of recession. (The People)