Nine Bond-funded Projects Ended
The Standing Committee of the National Assembly of Vietnam recently passed a resolution to stop nine government bond-funded projects after a review survey on ongoing projects in the 2014-2016 period.
According to the statistics of the Ministry of Planning and Investment, as many as 91 projects with a total investment value of VND42,316 billion were reviewed, of which government bonds could afford only VND18,067 billion.
However, according to Minister of Planning and Investment Bui Quang Vinh, due to limited government bond funds, the government decided to allocate capital to 42 projects set to be completed and operated in 2014 and 2015.
Hong Anh
Vietnamese
