The Vietnamese government plans to issue its first international government bonds since 2010. This would be the third time ever that Vietnam has issued bonds to global financial markets. One reason for issuing the US dollar bonds is to refinance the $750 million in bonds that will mature in January 2016. Another reason is to build Vietnam's reputation within global bond markets. Experts believe there will be good demand for the bonds given Vietnam's improved economic situation in recent years. The bonds are projected to have a yield of around 4.75-5%, lower than previous Vietnamese government bond issues.