VIETNAM

$3 Billion Sought From Capital Markets: Vietnam is planning to tap international capital markets for the first time in order to raise capital in the years ahead, according to a senior Finance Ministry official. “From selling government bonds, we hope to raise between $2 billion and $3 billion by the year 2000,” said treasury official Le Thi Bang Tam. The government wants to raise a total of $50 billion by 2000 to invest in factories, power plants and infrastructure to help it double gross domestic product while sustaining an annual growth rate of 8% to 10%.