HCMC — The Government raised VND30.47 trillion through 16 bond auctions in June, up 68.8% from May, showed data from the Hanoi Stock Exchange (HNX).
Total G-bond auctions in the first half of 2025 amounted to VND201.39 trillion, which met 40% of the full-year plan.
G-bonds with 10- and five-year tenors made up 68% and 27% of the total, respectively.
Coupon rates rose across all tenors in the final auction of the month. The five-year coupon stood at 2.59%, the 10-year at 3.18%, the 15-year at 3.27%, and the 30-year at 3.40%, rising between 7 and 18 basis points from end-May.
On the secondary market, listed G-bond value reached nearly VND2.4 quadrillion as of June 30. Average daily trading volume rose 20.3% from the previous month to VND16.74 trillion.
Outright transactions made up 73.98% of total trading value. Repo transactions accounted for the remaining 26.02%. Foreign investors represented 3.68% of market activity, with net sales of VND13.4 billion.
In the first half, daily average trading volume rose 19.2% year-on-year to VND14.04 trillion.
Coupon rates increased most for five-, seven-, and 15-year bonds, averaging 2.52%, 2.82%, and 3.16%, respectively.
Ten-year bonds represented the highest trading volume in June, accounting for 28.15% of the market. Commercial banks dominated trading activity, making up 55.08% of outright trades and 93.24% of repo transactions.
