Vinashin to issue $400m bonds overseas

Hanoi: Vietnam's government said Thursday that state-owned Vinashin can borrow $400 million by selling bonds in foreign markets to finance its plans to build ships for overseas firms and oil tankers for PetroVietnam.
Vinashin will also borrow VND10 trillion ($620 million) from domestic banks and issue bonds worth VND3 trillion, the government said in a statement published on its website.  [25/9/08]