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Ba Ria-Vung Tau to issue local bonds

Update: September, 26/2015 - 09:10
BA RIA-VUNG TAU (VNS)— Ba Ria-Vung Tau Province plans to issue local bonds of VND1-4.5 trillion (US$44.4-200 million) to construct Phuoc Hoa-Cai Mep Road, Vung Tau Hospital and other projects.

The provincial People's Committee will complete a detailed plan and calculate the budgets for the projects before submitting the plan for approval.

At the moment, only a few local authorities issued bonds to raise capital for building projects in local areas such as HCM City and Da Nang. — VNS

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