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Vietnam's State Treasury raised 4.18 trillion dong (USD 158.7 million) in a recent government bond auction, down from USD 211 million raised in the previous week. The auction saw 32.2% of bonds sold, slightly lower than last week's 34.7%, reflecting moderate investor demand. Government bond sales this year have reached 273.6 trillion dong to fund public investments supporting economic growth. Corporate bond issuance has reached 482 trillion dong, with significant upcoming maturities in real estate and banking sectors, highlighting sectoral.
Vietnam's State Treasury raised 4.18 trillion dong (USD 158.7 million) in its latest government bond auction, marking a decline from USD 211 million raised in the previous week. Investor demand was slightly weaker, with only 32.2% of the bonds on offer sold, compared with 34.7% last week, according to a Hanoi Stock Exchange filing. Advertisement
Total government bond sales for the year have reached 273.6 trillion dong. The proceeds are mainly used to fund public investment projects, a key driver of economic growth in the country. The government aims to raise 500 trillion dong through bond sales by the end of the year.
During the auction, the treasury sold 1.12 trillion dong out of 3 trillion dong of 5-year bonds offered at a 3.16% coupon rate. For 10-year bonds, 3.06 trillion dong was sold from 8 trillion dong on offer, with a 3.83% coupon rate, the highest recorded for this year. The treasury did not manage to sell any of the 2 trillion dong worth of 15-year and 30-year bonds.
On the corporate side, Vietnamese companies have raised 482 trillion dong through bond issuance up to the end of October. Among the bonds maturing in the remainder of the year, 32.7 trillion dong is set to mature, with 38.9% in the real estate sector and 24.7% in the banking sector, indicating these sectors' significant role in upcoming repayments.
The bond market's activity highlights investor preference for shorter-term securities while maintaining steady corporate bond financing, especially in sectors critical to the economy such as real estate and banking.
Source Reuters
5th Jun, 2025
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