Vietnam postpones $3bn international bond planViet Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said. The National Assembly in November last year had approved the international bond issuance plan, to be launched in 2016, to restructure domestic debts that arise during the 2015-16 period. The international bond issuance plan, therefore, has been postponed, the ministry said. Viet Nam has so far issued international bonds three times, the first of which was in 2005, worth US$750 million; the second in 2010, valued at $1 billion; and the third in 2014, worth $1 billion. However, it said the government would closely watch the global market to be able to issue the bonds at a suitable time, ensuring national interests.

Source: VietNamNet News July 22, 2016 07:52 UTC