Vietnam to Pare Bond Sales as State Budget Seen as ‘Sufficient’

Vietnam plans to reduce the issuance of government bonds as it sees the budget sufficiently funded thanks to revenue buoyancy, Finance Minister Ho Duc Phoc said, in a move that will allow the Southeast Asian nation to stick to fiscal deficit targets.

“We will adjust our government bond sale plan to be in line with the disbursement progress of public investment,” Phoc told Bloomberg News in an interview in Hanoi on Tuesday. Tax collection “is on track” as economic growth picks up, while state spending on infrastructure projects is “still slow,” he said.

The finance ministry has so far issued ...