HCMC – The Government raised nearly VND16 trillion through bond auctions in January, according to the Hanoi Stock Exchange (HNX).
The State Treasury issued bonds with tenors of 5, 10, 15, 20, and 30 years. The 10-year and 15-year bonds accounted for the majority, at 80.2% and 14.8% of the total, equivalent to VND12.817 trillion and VND2.365 trillion, respectively.
Coupons rose slightly from December. The 5-year bond coupon stood at 2.1%, the 10-year bond at 2.83%, the 15-year bond at 2.98%, the 20-year bond at 3.05%, and the 30-year bond at 3.25%, up by three to six basis points.
As of January 31, the total value of listed government bonds reached VND2.2 quadrillion. However, average daily trading volume fell by nearly 24% from the previous month to VND10.4 trillion.
Outright transactions accounted for 73.2% of total trading, while buyback agreements (repos) made up 26.8%. Foreign investors represented 4.2% of total transactions and recorded net purchases of VND739 billion.
The coupon on 5-7 year, 2-year, and 3-5 year bonds saw the largest increases, at 2.65%, 2.12%, and 2.36%, respectively. In contrast, the coupons for 1-year, 7-year, and 15-20 year bonds declined to 1.18%, 2.12%, and 2.31%.
Bonds with 10-year, 10-15-year, and 25-30-year terms had the highest trading volumes, accounting for 23.89%, 21.78%, and 16.49% of total transactions.
Commercial banks dominated the market, handling 49.23% of outright transactions and 92.04% of Repos, while securities firms conducted 50.77% of outright transactions and 0.84% of Repos.
The State Treasury has announced plans to issue VND500 trillion in government bonds in 2025, with VND111 trillion allocated for the first quarter.
