Government to cut 25% of investment capital raised from G-bond issues

Thursday, May 8, 2008
Prime minister Nguyen Tan Dung stated that 25% of investment capital raised from government bonds will be cut to curb inflation and maintain stable growth.
According to Resolution No 08/2007/QH12 on the budget estimation for 2008, the National Assembly passed the bond issue of no more than 37 trillion dong including 28 trillion dong raised for investing in irrigation and road works and the remainder will be invested in upgrading district hospitals.
Before the increasing inflation at the moment, the government will consider to cut 25% of investment capital raised from G-bond issues and do the same for international bond issues in the next time.