In August 2021, the State Treasury of Vietnam called for 15 auctions of government bonds with the total offering value of VND 38,750 billion, the winning rate was 76.7%.

In August 2021, the State Treasury of Vietnam called for 15 auctions of government bonds with a total value of VND 38,750 billion, the total bidding value was VND 111,858 billion, of which the winning value was VND 29,702 billion, equivalent to the winning rate of 76.7%. The two tenors with the highest offering value were 10-year tenor and 15-year tenor (VND 9,000b and VND 17,000b, respectively), and the winning rate was 89.6% (10-year tenor) and 82.2% (15-year tenor). Winning bond yield at all tenors decreased compared to the previous month.

In Quarter 3/2021, the State Treasury of Vietnam plans to issue VND 120,000 billion of government bonds, including 5-year (VND 10,000 billion), 7-year (VND 8,000 billion), 10-year (VND 40,000 billion) and 15-year (VND 50,000 billion) tenors, 20 years (5,000 billion VND) and 30 years (7,000 billion VND).

By the end of August 2021, the State Treasury of Vietnam has issued a total of VND 57,763 billion of government bonds in the quarter, equivalent to 48.1% of the 3rd quarter plan. Since the beginning of the year, the total issuing value has reached VND 199,256 billion, equivalent to 56.9% of the 2021 plan. In September 2021, there will be VND 7.7 trillion of government bonds due, accounting for 4% of the total bond value matured this year.

The value of Outright and Repo transactions reached VND 132,828 billion and VND 48,637 billion.

On the secondary market, the average daily Outright transaction value fell to VND 6,038 billion per day (-7.6% MoM), and the average daily Repo transaction value dropped to VND 2,211 billion per day (-19.5% MoM). Compared to the same period last year, August 2021 Outright trading volume increased by 20.5% while repo volume decreased by 26.1%. During the month, 5-year, 10-year and 15-year tenors were traded the most. The range of trading yields increased by 0.28%-0.3% at 5-year and 10-year tenors, decreased by 0.24% at 15-year tenor.

In August 2021, foreign investors net bought a total of VND 769 billion, thus, accumulated from the beginning of 2021, foreign investors have net bought VND 11,456 billion.

Compared to the previous month, Government bond yields decreased slightly at all tenors.

Government bond yields decreased by 2-16 bps compared to previous month's average yields at all tenors. Compared to last year, the current yields at tenors from 5 years to 30 years were 51 - 102 bps lower. Government bond yields in Vietnam are relatively low in the region. The gap between Vietnam Government bond yield and the US Treasury bond from the beginning of August 2021 until now has tended to narrow by 0.03%-0.33% at all tenors (from 1Y-30Y). In some days at the end of August 2021, this gap between the 5-year Vietnam G-bond and US T-bond approached close to 0%.

In the first 8 months of 2021, there were a total of 490 domestic corporate bond issuances with a total value of VND 308,517 billion.

According to consolidated data of VBMA, in the first eight months of 2021, there were 490 domestic corporate bond issuances with a total issuance value of VND 308,517 billion, of which 476 were under private placements with a total value of VND 296,933 billion, 14 issuances under public offering with a total value of VND 11,584 billion (accounting for 3.75%), and 3 issuances of bonds on the international markets with a total value of USD 1 billion. The proportion of bonds issued under public offering decreased compared to the same period in 2020 (5.28%).