Vietnam Joint Stock Commercial Bank for Industry & Trade, or VietinBank, obtained approval from the central bank to raise 10 trillion Vietnamese dong through the issuance of bonds, Viet Nam News reported May 27.

The bonds will be issued to Vietnamese and international organizations and individuals.

The bank will also be allowed to repurchase the bonds, the report added.

As of May 27, US$1 was equivalent to 23,365 Vietnamese dong.