Vietnam raises $350 mln in govt bond auction, highest amount in six months

Vietnam's State Treasury raised 9.23 trillion dong ($350 million) in a weekly government bond auction on Wednesday, the highest amount raised since June 25 this year.

Last week's auction raised $153 million. The uptake was also higher, with 66% of the bonds on offer sold, compared with 31% last week, according to a Hanoi Stock Exchange filing.

The auction took total government bond sales so far this year to 287 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. The government aims to raise 500 trillion dong this year.

At Wednesday's auction, the treasury sold 1.73 trillion dong out of the 3 trillion dong of 5-year bonds on offer at a coupon of 3.16%.

It also sold 7.5 trillion dong out of the 9 trillion dong of 10-year bonds on offer with a 3.85% coupon.

The treasury failed to offload any of the total of 2 trillion dong of 15- and 30-year bonds on offer. On the corporate side, Vietnamese companies have raised 495.7 trillion dong via bonds this year up to November 14, according to bond market association data.

The value of corporate bonds maturing in the remainder of 2025 is 31.8 trillion dong, of which 38.6% is in the real estate sector and 25.5% in the banking sector, the data showed.