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Vietnamese government borrows nearly $17.4 billion in 11 months

Staff Writer | December 6, 2016
Vietnam's government has borrowed a total of over 388 trillion Vietnamese dong ($17.4 billion) from both domestic and foreign sources in the first eleven months of 2016.
Vietnamese government
Asia   388 trillion Vietnamese dong
From January to November, the government had closed a total of 34 foreign loan deals, collectively worth 114 trillion Vietnamese dong ($5.1 billion).

Meanwhile, domestic debt, raised via almost 30 bond issuances, reached 274.5 trillion Vietnamese dong ($12.3 billion), according to the report.

The bond-issued capital was 43.8 percent higher than the same period last year, the ministry noted, adding that the bonds had an average term of over 8.72 years.

This year, Vietnamese government targeted to borrow some 20 billion U.S. dollars.