VND 110,000 Bln to be Mobilised via Government Bonds in 2003-2010 Period

Prime Minister Nguyen Tan Dung signed the Decision N⁰ 171/2006/QD-TTg on July 24, 2006 on the issuing of Government bonds to mobilise capital for some major projects of the country, in line with the list of projects using capital mobilised with Government bonds in the 2003-2010 period. Accordingly, total value of Government bonds issued in the period will be put at VND 110,000 billion.

 

Value and time of annual issuance will be identified on a basis of the demand and the implementation of projects. The whole capital volume mobilised by issuing Government bonds will be transferred to the State Treasury and disbursed according to the progress of project implementation.

 

Capital is allocated based on a principle that capital will be allocated adequately, not exceeding total volume reported or proposed by sectors and localities with a concentration of capital for prioritised projects, making sure that adequate volume of capital will be allocated for projects to be completed, meeting their urgent demand.

 

The Prime Minister has asked ministries and localities, using capital mobilised with Government bonds, to put their projects into operation quickly and effectively, avoiding wastes and losses.