Vietnam to Sell US$1 Billion Foreign Bond in January

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Dec. 9 – Vietnam will have a possible US$1 billion foreign bond offering next month to fund its many energy projects.

It will be Vietnam’s first overseas bond since 2005 when demand for the bonds exceeded supply. “We want to sell it at the end of this year, but we don’t think we can make it, so hopefully we can have the sale in January,” Deputy Finance Minister Nguyen Cong Nghiep, was quoted by Bloomberg during a news conference in Hanoi. “We are actively working with our advisers and preparing for a road show overseas, maybe in the United States.”