Exclusive-Vietnam considering first sovereign dollar bond sale since 2014, sources say
Hanoi, September 15 - Vietnam's finance ministry is reportedly considering its first sovereign dollar bond sale in over a decade, according to sources familiar with the discussions. The country, which aims for annual economic growth of at least 10% through 2030, would use the proceeds to fund infrastructure and other projects, two sources said.
The move would also alleviate pressure on Vietnamese banks, which have been the primary lending source for domestic investment, one source added. The Communist-ruled nation's increasing openness to foreign financing is evident, with the central bank raising the borrowing ceiling for the private sector and the government agreeing to take foreign development loans this year.
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