Vietnam's Vinacomin plans overseas bond in Q4: CEO

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Vietnam's state-run Coal and Mineral Industry Group plans to sell $500 million of bonds overseas in the fourth quarter of this year, its chief executive officer said on Tuesday.

"We are considering the timing for the sale, but I think it'll be in the fourth quarter, as procedures may take around four months from now," Tran Xuan Hoa told Reuters on the sidelines of an Industry and Trade Ministry meeting.

The group has imported brown coal from Australia and is considering buying coal from Indonesia and Russia for thermo-power plants, Hoa said.

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