PetroVietnam Finance to Sell Bonds This Year, SBV Says

PetroVietnam Finance Co., known as PVFC, received regulatory approval to sell bonds this year, according to a statement posted on the central bank's Web site.

The Hanoi-based company has permission from the State Bank of Vietnam to raise 1.6 trillion dong ($96 million) from the sale of debt, the statement said, without providing a time frame.

The yield on the bonds will be fixed by the company to conform with regulations set by the central bank, the statement said, without elaborating.