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Vietnam's weekly government bond auction raised 7.95 trillion dong (USD 302 million), slightly higher than the previous week. The 10-year bonds were sold at a 3.92% coupon, the highest this year, with 61% of the total offered bonds taken up. Longer-term 5-, 15-, and 30-year bonds failed to attract buyers. Total government bond sales in 2025 have reached 309 trillion dong, covering 62% of the annual target. Corporate bonds reached 529.5 trillion dong, with real estate and banking sectors holding the largest share of upcoming maturities.
Vietnam's State Treasury raised 7.95 trillion dong (USD 302 million) in its latest weekly government bond auction, slightly higher than the USD 298 million raised in the previous week. The Hanoi Stock Exchange reported that 61% of the bonds on offer were sold, up from 60% in the prior auction. Advertisement
The auction mainly focused on 10-year government bonds, which were sold at a coupon rate of 3.92%, the highest recorded for these bonds so far this year. The treasury did not sell any of the 3 trillion dong of 5-, 15-, and 30-year bonds on offer.
Total government bond sales in 2025 have reached 309 trillion dong, achieving 62% of the annual target of 500 trillion dong. The funds raised through these auctions are primarily used to finance Vietnam's public investments, which remain a key driver of the country's economic growth.
On the corporate side, Vietnamese companies have raised 529.5 trillion dong through bond issuances this year up to early December, according to the Bond Market Association. Among corporate bonds maturing for the rest of the year, valued at 23.6 trillion dong, the real estate sector accounts for 42.8%, while the banking sector represents 15.7%. This highlights the heavy reliance on these sectors for corporate borrowing.
The strong demand for 10-year bonds indicates steady investor confidence in Vietnam's medium-term government securities, while the lack of interest in longer-term bonds points to caution among investors toward extended-duration debt. Analysts say government bond auctions continue to be a key tool for funding infrastructure projects, supporting broader economic growth in Vietnam.
Source Reuters
5th Jun, 2025
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