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Wednesday, December 4, 2024

Gov’t raises over VND20.7 trillion from bond sales in November

By Gia Nghi

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HCMC – The Vietnam State Treasury (VST) raised over VND20.7 trillion through 17 government bond (G-bond) auction sessions on the Hanoi Stock Exchange in November.

The VST issued bonds with maturities ranging from 5 to 30 years. Bonds with a 10-year term dominated, contributing VND16 trillion, or 77% of the total.

By the end of November, the VST had achieved 80.75% of its 2024 fundraising goal, amounting to VND323 trillion.

Bond coupons in November for 5-, 10-, and 30-year terms were 1.91%, 2.68%, and 3.15%, respectively, an increase of two to five basis points compared to October.

The secondary bond market also saw growth, with listed value rising by 1.05% to over VND2.2 quadrillion. Average daily trading value jumped 14.21% to VND13.65 trillion per session.

Total secondary market trading for November reached VND2.6 quadrillion, with daily average surging 75.5% year-on-year to VND11.43 trillion. Foreign investors accounted for 1.8% of total trading, recording net purchases of VND147 billion.

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