Over $2.54 bln raised through Vietnam government bond auctions

Vietnam's government bond market experienced a significant boost in March, with 15 successful auctions conducted by the State Treasury through the Hanoi Stock Exchange (HNX).

These auctions raised an impressive VND65.3 trillion (over $2.5 billion), an 124% increase compared to February, signaling strong investor confidence in the country's financial stability.

For the first quarter of 2025, the State Treasury mobilized VND110.4 trillion, nearly 99.5% of its Q1 issuance target and 22.1% of the full-year plan.

The bonds issued in March spanned four maturities: 5 years, 10 years, 15 years, and 30 years, with 10-year bonds dominating the market, accounting for 92.6% of total issuance, equivalent to VND60.523 trillion.

By the end of March, bond yields for 5-year, 10-year, 15-year, and 30-year terms were recorded at 2.15%, 2.96%, 3.05%, and 3.28%, respectively. The 5-year yield edged up by 0.05 percentage points, while yields for other maturities either remained stable or saw slight declines.

On the secondary market, the total value of listed government bonds reached a staggering VND2.3 quadrillion as of March 31. The average daily transaction value in March surged to VND 16.5 trillion, marking a 23.8% increase from the previous month.

Foreign investor participation also expanded, contributing 3.33% of total market transactions, with net foreign purchases reaching VND988 billion.

Over the first three months of 2025, secondary market transactions totaled VND791.1 trillion, with an average daily trading volume of VND13.6 trillion, up 15.8% compared to the 2024 average.