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Jul 15, 2015 / 09:26

Hanoi to issue bonds before August 30

Hanoi People’s Committee has just approved a decision to issue bonds to mobilise resources for the municipal development in 2015.

The bonds, scheduled to be issued before August 30 and worth a total of 2,000 billion VND, will be invested in ongoing key projects. 
The subsequent resources will be allocated for 13 projects to be completed within the year, 3 official development assistance, projects needing government counterpart capital and another seven to be completed after 2015. 

 
Photo for illustration
Photo for illustration
The municipal Department of Finance has been requested to work closely with the State Treasury to accelerate the effective and efficient implementation of the plan.
As planned, Hanoi's bonds will be issued to worth 4.000 billion VND in 2015. These bonds will be invested in the construction and land clearance of projects such as Hoang Cau - O Cho Dua, Nhat Tan -Buoi, Truong Chinh - Nga Tu Vong routes.