Vietnam has no new bond issue plan, official says

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Vietnam has no plans to issue sovereign bonds, a finance ministry official said, rejecting recent speculation about a first issue in three years.

The speculation surfaced after the government recently hired banks to arrange meetings with investors in Singapore, London, and the US.

Nguyen Thanh Do, director of the Department of Debt and Foreign Finance Management, said these are routine annual meetings for ministry officials to brief international investors about the country's economic performance.

"This is a non-deal road show," Do told Thanh Nien.

"We have not made any plans for issuing sovereign bonds.

"They are routine annual meetings. We issued sovereign bonds, so we need to brief investors about our economic situation."

Vietnam sold $1 billion worth dollar-denominated bonds in the international market in 2010, its last foray into the market.

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