Capital stops issuance of $178 million bonds
 |
| A view of Ha Noi. The capital stopped the issuance of bonds worth $178 million, which were to be used for local development.-Photo fica.vn |
Ha Noi State Treasury Director Dao Thai Phuc said although the local People's Council had adopted the issuance of the five-year bonds, it was then stopped to save costs, reduce public debts and avoid capital dispersal in capital construction.
The city would use its existing resources to complete the scheduled construction and the traffic projects, he said.
According to the treasury, budget revenue totalled more than VND73 trillion in Ha Noi during the first five months of this year, representing 43 per cent of the annual quota. Revenue from import-export activities reached some VND5.9 trillion, while some VND66.4 trillion came from domestic sources.
Budget spending in the city reached nearly VND47.5 trillion as of May 31.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Assessing gold prospects for the rest of 2024 and beyond (October 26, 2024 | 10:48)
- ACCA welcomes 116 new members in Vietnam (October 26, 2024 | 10:45)
- Public debt indicators remain in alignment with expectations (October 25, 2024 | 15:37)
- SACE and SCIC sign MoU to strengthen cooperation between Italy and Vietnam (October 25, 2024 | 11:13)
- EVN Finance signs $30 million loan package with Dutch bank FMO (October 24, 2024 | 18:07)
- Year-end credit growth driven by industrial sector (October 24, 2024 | 14:34)
- Major bancassurance deals may be at peak (October 24, 2024 | 14:28)
- Banks' profit picture in Q3 creates mixed sentiment (October 24, 2024 | 11:44)
- Liquidity pressure “substantial” on Vietnam’s banks (October 23, 2024 | 21:00)
- Remittance fee drop could boost economy (October 23, 2024 | 19:00)
Mobile Version