The Da Nang People’s Committee will soon issue municipal government bonds worth a total of 1.1 trillion VND.  The 5-year bonds will carry a face value of 100,000 VND each.  This will be the first time that Da Nang has issued this bond type via the bidding process on the Ha Noi Stock Exchange.

This information was released at a seminar held in Ha Noi on Wednesday to discuss the bidding for the Da Nang government bonds.

Tran Thi Ly Bridge

Addressing the event, the municipal People’s Committee Vice Chairman, Mr Vo Duy Khuong, said that the issuance of local government bonds aims to raise funds for the city’s socio-economic development projects.  These projects include the Rong (Dragon) and Tran Thi Ly bridges, the Hi-tech Industrial Park, the sustainable development and priority infrastructure investment projects, the city’s Administration Centre, the Hoa Xuan Stadium, the Hai Chau District General Hospital, and the Ngu Hanh Son Cultural and Historical Park.