This resolution extends the term of international bonds from ten to thirty years, prioritizing fifteen and twenty years. The Ministry of Finance is tasked with establishing regulations to control the use of bond funds and flexibly select appropriate terms.
Key points
- The Government → extends the term of international bonds from ten to thirty years, prioritizing fifteen and twenty years
- The Ministry of Finance → establishes regulations to control the use of bond funds and flexibly select appropriate terms in line with the international market and domestic capital needs
🌐 Social impact of this document
- Positive impact: Helps the Government have more options for bond terms, increasing the ability to raise capital.
- Negative impact: May put pressure on the financial market if not managed properly.
❓ Frequently asked questions
What is the maximum term of international bonds extended to?
The maximum term of international bonds has been extended to thirty years.
What is the responsibility of the Ministry of Finance under this Resolution?
The Ministry of Finance must establish regulations to control the use of bond funds and flexibly select appropriate terms in line with the international market and domestic capital needs.
Which term is prioritized when issuing bonds?
Fifteen and twenty-year terms are prioritized when issuing international bonds.
How should the Ministry of Finance establish regulations to control the use of bond funds?
The Ministry of Finance must establish regulations to ensure safety and efficiency in the use of international bond funds.
Full text
|
THE GOVERNMENT |
SOCIALIST REPUBLIC OF VIETNAM |
|
Number: 54/2007/NQ-CP |
Hanoi, November 12, 2007 |
RESOLUTION
Regarding the term of international government bonds of the Socialist Republic of Vietnam
adopted on June 15, 2001, No. 30/2001/QH10, as amended by Law No. 83/2007/QH
_________________________________
THE GOVERNMENT
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to Resolution No. 26/2007/NQ-CP dated May 7, 2007 of the Government on the regular meeting in April 2007;
Considering the proposal of the Minister of Finance,
RESOLUTION:
1. The Government agrees to extend the term of international bonds issued in 2007 from 15 to 20 years (as stipulated in Resolution No. 07/NQ-CP dated June 1, 2007 of the Government) to between 10 and 30 years, with priority given to terms of 15 and 20 years.
2. Entrust the Ministry of Finance:
a) Establish a Regulation to control the use of international bond funds to ensure safety and efficiency;
b) Flexibly select the term of international bonds in accordance with international market conditions and domestic capital needs./.
|
PRIME MINISTER |
|
| Nguyen Tan Dung |
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