As of the end of November, the State Treasury had mobilized a total of VND 323,006 billion, achieving nearly 81% of the plan for the whole of 2024. (Photo: Vietnam+)
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According to data from the Hanoi Stock Exchange (HNX), the State Treasury organized 17 government bond auctions in November, issuing bonds with 5 maturities of 5, 10, 15, 20, and 30 years.
The total mobilization volume reached more than VND 20,760 billion. Of which, the 10-year term continued to lead with a proportion of 77%, equivalent to VND 16,000 billion. The results show a strong interest from investors 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 plan for the whole of 2024, reflecting positive progress in implementing the government’s capital mobilization plan.
Meanwhile, the government bond interest rates at the end of November recorded a slight adjustment. Specifically, the interest rates for the terms of 5, 10, and 30 years were 1.91%, 2.68%, and 3.15%, respectively, up from 0.02% to 0.05% per year compared to the end of October.
On the other hand, the government bond secondary market also witnessed significant vibrancy. The value of government bonds listed on November 30th exceeded VND 2.2 quadrillion, up 1.05% from the previous month. Notably, the average trading value per session reached VND 13,647 billion, a strong increase of over 14% compared to October, reflecting the positive liquidity improvement in the market.
Of this, direct trading (Outright) accounted for 71%, while repurchase agreements (Repos) accounted for nearly 29% of the total trading value. Cumulatively, in 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, an impressive growth of 75.5% compared to the 2023 average.
According to HNX, the participation of foreign investors in the government bond market in November accounted for 1.8% of the total trading value of the entire market, of which foreigners net bought VND 147 billion.
Hanh Nguyen
