Vietnam's government has borrowed a total of over 388 trillion Vietnamese dong (nearly 17.4 billion U.S. dollars) from both domestic and foreign sources in the first eleven months of 2016, according to the Ministry of Finance on Monday.

From January to November, the government had closed a total of 34 foreign loan deals, collectively worth 114 trillion Vietnamese dong (5.1 billion U.S. dollars).

Meanwhile, domestic debt, raised via almost 30 bond issuances, reached 274.5 trillion Vietnamese dong (12.3 billion), according to the report.

The bond-issued capital was 43.8 percent higher than the same period last year, the ministry noted, adding that the bonds had an average term of over 8.72 years.

This year, Vietnamese government targeted to borrow some 20 billion U.S. dollars.