On July 12, 2023, the State Treasury called for bidding a total of VND 7,750 billion of Government bonds, including 5-year bond (VND 500 billion), 10-year bond (VND 3,000 billion), 15-year (3,750 billion) and 30-year (500 billion).

The winning value of 5-year tenor was 479 billion and all other bidding tenors were sold out. The total winning value of July 12 was 99.7%, equivalent to VND 7,729 billion.

The winning interest rate for 5, 10 and 15 years tenors remained unchanged compared to the previous one, specifically, the winning rate for the 5-year bond was 2%, 10-year bond was 2.45% and 15-year bond was 2.7%. Besides, winning rate for 30-year tenor decreased by 5bps to 3.2%.

Year to date, the State Treasury issued VND 195,121 billion of Government bond across various tenors from 5 to 30 years, completing nearly 49% this year’s plan of VND 400,000 billion.

Winning value of 10 and 15-year bond was largest with VND 76,599 and VND 88,053 billion issued, respectively, accounting for 84% of total value issued since the beginning of 2023. 5-year bond comes in third with VND 22,778 billion. The State Treasury has plans to raise VND 30,000 billion from 3-year bond this year but so far has not offer this tenor for bidding.