On July 19, 2023, the State Treasury called for bidding a total of VND 9,250 billion of Government bonds, including 5-year bond (VND 500 billion), 10-year bond (VND 3,750 billion), 15-year (4,500 billion) and 30-year (500 billion).

5-year tenor failed to be auctioned while all other bidding tenors were sold out. The total winning value of July 19 was 94.6%, equivalent to VND 8,750 billion.

The winning interest rate for 10 and 15 years tenors remained unchanged compared to the previous one, specifically, the winning rate for 10-year bond was 2.45% and 15-year bond was 2.7%. Besides, winning rate for 30-year tenor decreased by 10bps to 3.1%.

Year to date, the State Treasury issued VND 203,871 billion of Government bond across various tenors from 5 to 30 years, completing nearly 51% this year’s plan of VND 400,000 billion.

Winning value of 10 and 15-year bond was largest with VND 80,349 and VND 92,553 billion issued, respectively, accounting for 84.8% 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.

The Vietnam Bank for Social Policies called for auction a total of VND 3,000 billion of Government Guaranteed Bond at tenors of 3 years (VND 500 billion), 5 years (VND 500 billion), 10 years (VND 1,000 billion) and 15 years (VND 1,000 billion). Total winning value was VND 2,450 billion (equivalent to the winning rate of 82%), in which bond tenor 5 years, 10 years and 15 years won the bid, tenor 3 years failed to be auctioned.