The State Treasury of Vietnam has mobilised over 65.8 trillion VND (2.89 billion USD) via government bond (G-bond) auctions at the Hanoi Stock Exchange (HNX) since the beginning of 2018.
From mid-April to present, the interest rates of different term G-bonds have continued to increase.
Most recently, a total of 4.2 trillion VND (185 million USD) was raised through an auction at the HNX on June 13.
As much as 2.1 trillion VND (92.5 million USD) was mobilised from 10-year bonds with an annual interest rate of 4.32 percent, up 0.02 percent against the previous auction on June 6.
Bonds with 15-year and 20-year maturity raised 1.6 trillion VND (70.4 million USD) and 500 billion VND (22 million USD) with annual interest rates of 4.65 percent and 5.18 percent respectively, both up 0.02 percent from the previous auction on June 6.
The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year thanks to the economic growth of more than 6.7 percent and inflation of below 4 percent.
The value of G-bonds issued in 2018 is estimated at some 180 trillion VND (7.92 billion USD), with the focus being on long-term maturity and keeping the interest rate at low levels.
G-bonds worth 159.9 trillion VND (7.03 billion USD) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07 percent, down 0.2 percentage points against 2016, according to the Ministry of Finance.
https://en.vietnamplus.vn/state-treasury-raises-over-658 trillion-vnd-from-gbonds/132868.vnp
