Vietnam raises $371 million in government bond auction

Hanoi, Vietnam - The State Treasury of Vietnam successfully raised 9.6 trillion dong, equivalent to $371 million, in its weekly government bond auction on Wednesday. This figure represents a decrease from the previously announced $442 million raised in the previous week. The auction saw a lower uptake, with only 56% of the bonds offered being sold, down from 64% last week, according to a Hanoi Stock Exchange report.

The treasury managed to sell all 6 trillion dong of the 5-year bonds offered, with a coupon rate of 4.27%. Similarly, they sold 3.6 trillion dong of the 9 trillion dong of 10-year bonds, which carried a coupon rate of 4.43%. However, the treasury was unable to sell any of the combined 2 trillion dong of 15- and 30-year bonds that were available for purchase.

The government's objective for the year is to raise 500 trillion dong through bond sales, and as of the latest data, they have already raised more than 325 trillion dong. Vietnamese companies have also contributed significantly to this effort, raising 462 trillion dong via bonds up to October 16, as reported by bond market association data.

Among the top issuers over the past week, Vietnam Public Bank emerged as a notable contributor. Additionally, the total value of corporate bonds maturing over the remainder of the year is projected to reach 51 trillion dong.