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Vietnam may sell $1 billion foreign bond as soon as January   2009-12-03 - Bloomberg

Vietnam may sell its first overseas bond since 2005 in a US$1 billion offering as soon as next month, a government official said.



Deputy Prime Minister Nguyen Sinh Hung said last month that the government was planning a sale to fund energy projects, without specifying the potential timing. Vietnam sold a $750 million foreign bond in 2005, in a sale where demand exceeded supply by six times.

“We want to sell it at the end of this year, but we don’t think we can make it, so hopefully we can have the sale in January,” said Deputy Finance Minister Nguyen Cong Nghiep, speaking to journalists today at a conference in the Vietnamese capital of Hanoi. “We are actively working with our advisers and preparing for a road show overseas, maybe in the US.”

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