[High Financing Costs, Vietnam Shelves U.S. Dollar Sovereign Bond Issuance Plan] November 12, Vietnam’s Ministry of Finance official Ngo Van Tuan said at a parliamentary meeting in Hanoi on Thursday that it is not the right time to issue international bonds because global fuel supply disruptions are further pushing up inflationary pressures. While waiting for more suitable conditions to emerge, Vietnam’s Ministry of Finance will continue to maintain active communication with international financial institutions, investors and credit rating agencies. He added that while there is still market demand for the bonds, the Treasury must also carefully consider financing costs while ensuring the safety of the country's financial system. Vietnamese officials have discussed issuing U.S. dollar sovereign bonds of up to $1 billion and plan to promote them in major financial centers in the region.