Vietnam to sell foreign bonds in 2009/2010 -report

HANOI Nov 3 (Reuters) - Vietnam will sell international bonds this year or in 2010 to raise at least $700 million, with the coupon on 10-year bonds capped at 7 percent, a state-run newspaper reported on Tuesday.

A government directive signed on Monday said the finance ministry will set terms and coupons of the bonds and proceeds of $700 million will go to the state budget, the Liberation Saigon daily said without giving the potential value of the entire issue. (Reporting by Ho Binh Minh; Editing by Jan Dahinten)