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The Vietnam State Treasury raised 4 trillion dong (about USD 153 million) in its weekly government bond auction, down from USD 158.7 million the prior week. Sales covered only 31 % of the offered bonds. Five-year bonds sold 1.53 trillion dong at a 3.16 % coupon, while ten-year bonds sold 2.5 trillion dong at 3.85 %. No sales occurred for 15- and 30-year maturities. Year-to-date government bond sales stand at 277.6 trillion dong. On the corporate side, issuers have raised 491 trillion dong so far in 2025, with 32 trillion dong maturing in the rest of the year (39.3 % in real estate, 25.2 % in banking).
The Vietnam State Treasury conducted a bond auction this week, raising 4 trillion dong (USD 153 million), which marked a slight drop from the previous week's USD 158.7 million. The bond uptake rate was 31 % of what was on offer, down from 32 % in the prior week, according to a filing by the Hanoi Stock Exchange. The result brings total government bond issuance in 2025 so far to 277.6 trillion dong. Proceeds from these bond sales are mainly used to fund public investment, which remains a key driver of Vietnam's economic growth. Advertisement
In the detailed breakdown, five-year bonds were offered at 3 trillion dong and sold 1.53 trillion dong at a coupon rate of 3.16 %. Ten-year bonds were offered at 8 trillion dong, of which 2.5 trillion dong were sold, at a 3.85 % coupon. The Treasury did not manage to sell any of the offered 2 trillion dong worth of 15- and 30-year bonds. On the corporate front, companies in Vietnam have raised 491 trillion dong via bond sales so far in 2025, up to 7 November. Of the corporate bonds maturing in the remainder of 2025 (32 trillion dong), 39.3 % are in the real-estate sector and 25.2 % in the banking sector.
The issuance strategy comes amid broader efforts by the Vietnamese government to mobilise capital for infrastructure and public investment. For example, earlier this year the Treasury had set a target of raising 500 trillion dong in bond sales. Additional data show that in October the Treasury mobilised 27.74 trillion dong from auctions, bringing the total for the first ten months to 283.43 trillion dong equivalent to around 56.7 % of the 2025 plan.
Source Reuters
5th Jun, 2025
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