Vietnam raises $274 mln in govt bond auction, highest since July 30
The uptake was also higher, with 53.5% of the bonds on offer sold, compared with 28.7% at last week’s auction, according to a Hanoi Stock Exchange filing.
The auction took total government bond sales so far this year to 238 trillion dong ($9.03 billion), according to exchange data.
Euro zone government bond yields remained stable ahead of the anticipated U.S. Federal Reserve rate cut, with market attention focused on clues regarding the extent of future easing. Germany’s 10-year bond yield saw a slight decrease. The market anticipates the Fed to lower rates significantly by 2026, while ECB easing expectations are more tempered.
Vietnam uses the proceeds from bond sales mainly to fund its public investments, one of the key drivers of economic growth. It aims to raise 500 trillion dong this year.
At Wednesday’s auction, the treasury sold 6.2 trillion dong out of the 9 trillion dong of 10-year bonds on offer, at a coupon of 3.55%.
It also sold all of the 1 trillion dong of 5-year bonds offered at a coupon of 3.0%. Only 25 billion dong out of the 500 billion dong of 30-year bonds on offer were sold, at a coupon of 3.60%. The coupons were the highest so far this year.
The treasury failed to offload any of the 3 trillion dong of 15-year bonds offered.
On the corporate side, Vietnamese companies have raised 386 trillion dong via bonds this year up to Sept. 12, according to bond market association data.
The value of corporate bonds maturing in the remainder of 2025 is 57 trillion dong, of which 39.1% is in the real estate sector and 32% in the banking sector, the data showed.
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