Log in
Business

Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023

Government bond is an important source of revenue for the state budget and supports the development of the capital market.

The Vietnam State Treasury (VST) is expected  to raise VND400 trillion (US$17 billion) by issuing Government bonds via auctions at the Hanoi Stock Exchange (HNX) in 2023.

 Government bonds remain a key source for the state budget. Photo: Viet Dung

Under the plan, the agency is set to issue bonds worth VND108 trillion ($4.6 billion) in the first quarter of this year.

This would include bonds with five to seven-year maturity of VND8 trillion (US$341.5 million), 10-year maturity of VND45 trillion (US$1.9 billion), 15-year maturity of VND45 trillion (US$1.9 billion), 20-year maturity of VND5 trillion (US$213.2 million) and 30-year maturity of VND5 trillion (US$213.2 million).

VST noted adjustments may be made to stay in line with the actual situation of the market and Gov’t expenditure needs, especially the disbursement progress of public investment fund.

In early February, the HNX conducted three auctions of government bonds, including VND500 trillion (US$21.3 million) of bonds with five-year maturities; and two auctions with 10- and 15-year maturities of VND5 trillion (US$213.2 million) each.

According to the VST, the management of   Government bond yields should be closely associated with the monetary and fiscal policies,  with a variety of maturity periods to suit the needs of investors and boost the liquidity of the Government’s bond market.

“Government bond is an important source of income for the state budget and supports the development of the capital market,” it said.

In 2022, an unfavorable business environment caused a decline in the volume of government bond transactions. Last December, the yield on government bonds was between 2.3% and 3.12% per year higher than at the beginning of 2022, depending on the maturity period.

However, in 2022, the government mobilized funds worth 203.2 trillion dong ($8.6 billion) through the auction of bonds to repay debts, with an average maturity of 12.67 years and a yield of 3.31% per year.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam poised to become top investor in Laos

Vietnam poised to become top investor in Laos

Bilateral trade is expected to hit US$5 billion as the two countries strengthen economic ties and streamline cross-border investment procedures.

Vietnam pushes for market economy recognition by the US

Vietnam pushes for market economy recognition by the US

Such a move would help facilitate bilateral cooperation in high-tech sectors, energy, mining, and strategic industries.

Vietnam promotes international cooperation in energy transition

Vietnam promotes international cooperation in energy transition

The partners committed to working closely with the Vietnamese government to ensure that projects are matched with suitable funding sources.

ShopeeFood, GrabFood hold sway in Vietnam’s food delivery market 

ShopeeFood, GrabFood hold sway in Vietnam’s food delivery market 

The survey results highlight evolving consumer preferences, increasing platform specialization, and the expanding role of technology in dining behaviors.

Expectations for market upgrade drive Vietnamese shares for 4th day

Expectations for market upgrade drive Vietnamese shares for 4th day

Market sentiment is high as investors believe in the upgrade of the Vietnamese stock market this September.

Public-private unity needed for breakthroughs in Vietnam

Public-private unity needed for breakthroughs in Vietnam

Vietnam has set targets of 8% growth in 2025 and over 10% annually until 2030, driven by strategic reforms, innovation, and stronger leadership from the private sector.

About $650 billion injected into Vietnam's economy in H1

About $650 billion injected into Vietnam's economy in H1

More than 40% of the total credit went to agriculture and the private sector, reflecting the country's vibrant economic strategies.  

Vietnam sees rise in employment in H1

Vietnam sees rise in employment in H1

Vietnam’s labor market showed positive signs in the first half of 2025, with increases in employment and income.