HCMC – The Hanoi Stock Exchange (HNX) organized 16 government bond auctions in September, raising over VND16.97 trillion for the State Treasury, according to the Vietnam Government portal (VGP).
Winning yields slightly inched up across tenors, reflecting current supply and demand conditions in the capital market.
In the first nine months of this year, total G-bond sales reached VND255.7 trillion, completing over 51% of the annual plan. Bonds with 10-year maturities dominated issuance, accounting for nearly 93% of the total.
Average winning yields stood at 3.03% for five-year bonds, 3.59% for 10-year bonds, and 3.64% for 30-year bonds, all slightly higher than in August.
On the secondary market, where previously issued bonds are traded, the listed value rose to around VND2.45 quadrillion, up from the previous month. Market liquidity remained robust, with daily trading averaging VND16.77 trillion. Outright transactions accounted for 71.7% of total trades, while repo transactions made up 28.3%.
Foreign investors maintained stable participation, representing about 4% of total trading value. In September alone, they were net sellers of VND676 billion but remained net buyers of VND2.55 trillion in the January–September period, underscoring continued confidence in Vietnam’s G-bond market.
