**Government Bond Auction: November Update**
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As of the end of November, the State Treasury had successfully mobilized a total of VND 323,006 billion, achieving nearly 81% of the plan for the full year of 2024. (Photo: Vietnam+)
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According to data from the Hanoi Stock Exchange (HNX), the State Treasury held 17 government bond auctions in November, issuing bonds with five different maturities: 5, 10, 15, 20, and 30 years.
The total mobilization volume exceeded VND 20,760 billion. Of this, the 10-year maturity continued to lead with a 77% weight, equivalent to VND 16,000 billion. The results reflect strong investor interest in this maturity.
As of the end of November, the State Treasury had mobilized a total of VND 323,006 billion, achieving nearly 81% of the full-year 2024 plan. This demonstrates the positive progress in executing the government’s capital mobilization plan.
Additionally, there was a slight adjustment in government bond yields at the end of November. Specifically, the yields for the 5, 10, and 30-year maturities were 1.91%, 2.68%, and 3.15%, respectively, increasing by 0.02% to 0.05% year-on-year compared to the end of October.
Meanwhile, the government bond secondary market witnessed significant vibrancy. The listing value of government bonds as of November 30 exceeded VND 2.2 quadrillion, a 1.05% increase compared to the previous month. Notably, the average trading value per session reached VND 13,647 billion, a robust increase of over 14% from October, indicating enhanced market liquidity.
Outright transactions accounted for 71% of the total trading value, while Repos transactions made up nearly 29%. In the 11 months, the total value of secondary market transactions for government bonds exceeded VND 2.6 quadrillion, with an average trading value of VND 11,435 billion per session, representing an impressive 75.5% growth compared to the 2023 average.
According to HNX, foreign investors’ participation in the government bond market in November accounted for 1.8% of the total trading value in the market, with net purchases of VND 147 billion.
Hanh Nguyen
