HCMC – The Vietnam State Treasury raised a total of VND125.6 trillion worth of Government bonds (G-bonds) in the first four months of the year, fulfilling 41% of its second quarter issuance plan and 25% of its full-year target.
The Hanoi Stock Exchange (HNX) said it had organized 20 G-bond auctions in April on behalf of the State Treasury, successfully mobilizing nearly VND45.5 trillion, skyrocketing 132% against the previous month.
Long-term tenors dominated April’s G-bond issuance, with 10-year bonds making up 91.7% of the total value issued, or around VND41.7 trillion, according to the Vietnam News Agency.
The State Treasury offered bonds across five maturities, including five-year, 10-year, 15-year, 20-year and 30-year tenors. Auctions were successful for four maturities (five-year, 10-year, 15-year and 30-year bonds) while winning yields continued to rise.
Winning yields increased by between 5 and 26 basis points compared with the final auction session in March.
At the final auction session in April 2026, winning yields stood at 3.86% per year for five-year bonds, 4.16% for 10-year bonds, 4.25% for 15-year bonds and 4.45% for 30-year bonds.
Meanwhile, the secondary bond market also recorded positive developments in both scale and liquidity. By the end of April, the total listed value of G-bonds had reached VND2.6 quadrillion, up 0.64% from March.
Average trading value in April rose 6.49% month-on-month to VND16 trillion per session.
Outright transactions continued to dominate trading activity, accounting for 65.77% of the market’s total transaction value, while repurchase agreements (repos) made up the remaining 34.23%.
