Mobilizing nearly 16,000 billion VND in government bonds in January 2025

This result represents only 14.3% of the target set for the first quarter of 2025.

Nearly 16 trillion VND in government bonds will be raised in January 2025.

This result represents only 14.3% of the target set for the first quarter of 2025.

In 2025, the State Treasury plans to issue 500 trillion VND of government bonds, with 111 trillion VND issued in the first quarter of 2025 alone. This 2025 plan is 1.25 times higher than the 2024 target and 1.7 times higher than the 2024 results.

In January 2025, HNX organized 17 auctions of government bonds issued by the State Treasury, raising VND 15,982 billion in government bonds across 5 maturities of 5, 10, 15, 20, and 30 years. Of these, the 10-year and 15-year maturities accounted for the highest proportion of issuance, at 80.2% and 14.8% respectively of the total issuance volume, equivalent to VND 12,817 billion and VND 2,365 billion.

Interest rates on government bonds with maturities of 5, 10, 15, 20, and 30 years are 2.10%, 2.83%, 2.98%, 3.05%, and 3.25% respectively, a slight increase of 0.03%-0.06% per year compared to the end of December 2024.

On the secondary market, the value of listed government bonds as of January 31, 2025 reached VND 2,228 trillion. The average daily trading value was VND 10,417 billion/session, a decrease of 23.67% compared to the previous month. Of this, Outright transactions accounted for 73.2%, and Repos transactions accounted for 26.8% of the total market trading value. The proportion of trading value by foreign investors accounted for 4.2% of the total market trading value, with foreign investors making net purchases of VND 739 billion.

Regarding average transaction yields, government bonds issued by the State Treasury saw the largest increases in the 5-7 year, 2-year, and 3-5 year maturities, currently reaching approximately 2.6597%, 2.1252%, and 2.3661% respectively; and the largest decreases in the 1-year, 7-year, and 15-20 year maturities, currently reaching approximately 1.1882%, 2.1203%, and 2.3155% respectively.

Regarding trading maturities, medium and long-term maturities are the most traded in the entire market, including 10-year, 10-15-year, and 25-30-year maturities, accounting for 23.89%, 21.78%, and 16.49% of the total market trading value, respectively.

In the government bond market in January 2025, commercial banks still held a large market share, accounting for 49.23% of the total Outright transaction value and 92.04% of the total Repos transaction value; securities companies accounted for 50.77% of the total Outright transaction value and 0.84% ​​of the total Repos transaction value.

Source: https://baodautu.vn/huy-dong-gan-16000-ty-dong-trai-phieu-chinh-phu-trong-thang-12025-d244766.html