A Vietnam Finance Ministry official, Ngo Van Tuan, told a parliamentary session
in Hanoi on Thursday that now is not an appropriate time to issue international
bonds because global fuel supply disruptions are further pushing inflation. The
ministry will continue active communication with international financial
institutions, investors and credit-rating agencies while awaiting more favorable
conditions. He said market demand for the bond remains, but authorities must
weigh financing costs and safeguard the domestic financial system. Vietnamese
media had earlier reported officials were considering a USD 1bn sovereign bond
with roadshows in regional financial centres.
