On November 1st, 2023, the State Treasury called for bidding a total of VND 5,000 billion of Government bonds, including 5-year bond (VND 1,500 billion), 10-year bond (VND 2,000 billion), and 15-year (VND 1,500 billion). 10-year and 15-year bonds were sold out, while winning value of 5-year bond was VND 350 billion. 

The winning interest rate for both 10-year, and 15-year tenors increased by 3 bps compared to their last auctions to 2.45% and 2.68%, respectively. In addition, the winning rate for 5-year tenors increased by 2 bps to 1.64%.

Year to date, the State Treasury issued VND 268,206 billion of Government bonds across various tenors from 5 to 30 years, completing about 67.05% of this year’s plan of VND 400,000 billion.

Winning value of 10 and 15-year bonds are the largest with VND 106,447 and VND 120,303 billion issued, respectively, accounting for 84.5% of the total value issued since the beginning of 2023. 5-year bond comes in third with VND 30,743 billion. The State Treasury has plans to raise VND 30,000 billion from 3-year bond this year but so far has not offered this tenor for bidding.