Vietnam raises $212 mln in government bond auction

Vietnam's State Treasury ​raised 5.5 trillion dong ($212 million) in ⁠its weekly government bond auction on Wednesday, down from the $324 million raised last week.

The uptake was also ‌lower, with ‌38% of the bonds on offer sold, compared with ‌58% last week, according to a Hanoi Stock Exchange filing.

The auction took total government bond sales so far this year to 30 trillion dong, ​according to exchange data.


Proceeds ​from bond sales are mainly used ‌to fund Vietnam's ‍public investments, one of the ‍key drivers of economic growth.

At Wednesday's auction, ‌the treasury sold 5.5 trillion dong of the 12 trillion dong worth of 10-year bonds on offer at a coupon of 4.05%.

It failed to offload any of the combined 2.5 trillion dong ‍worth of 5-, 15- and 30-year bonds offered.

On the corporate side, ‍Vietnamese companies ⁠raised 3.7 trillion ⁠dong via bonds in January, according to bond market association data.

The total value of corporate bonds maturing during the remainder of this year is 199.7 trillion dong, with the real estate sector accounting for 60.7% and the banking sector 11.4%