Hanoi stops issuance of US$178 million in bonds
Hanoi has stopped the issuance of bonds worth VND4 trillion (US$177.8 million), which were to be used for municipal development in 2016.
The city would use its existing resources to complete the scheduled construction traffic projects, he said.
According to the treasury, budget revenue totalled more than 73 trillion VND in Hanoi during the first five months of this year, representing 43 percent of the annual quota. Revenue from import-export activities reached some VND5.9 trillion, while some VND66.4 trillion came from domestic sources.
Budget spending in the city reached nearly VND47.5 trillion as of May 31.