In the first 9 months of 2025, HNX organized 155 auctions of government bonds issued by the State Treasury, mobilizing VND 255,688 billion, completing 51.13% of the 2025 plan.
Government bonds issued in September included 5-year, 10-year and 30-year terms; of which, the majority was 10-year terms, with an issuance ratio of 92.66%, equivalent to VND 15,730 billion. At the auctions at the end of September 2025, the winning interest rates of 5-year, 10-year and 30-year bonds were 3.03%, 3.59% and 3.64%, respectively, up 23, 14 and 17 basis points compared to the winning interest rates at the end of August 2025.
In the secondary market, the listed value of government bonds as of September 30, 2025 reached VND 2,449,620 billion, up 0.68% over the previous month, up 10.25% over the end of 2024.
The average trading value in September reached VND16,771 billion/session, down 10.73% compared to August; of which, the value of Outright transactions (direct bond buying/selling transactions, without a repurchase agreement) accounted for 71.73%, the value of Repos transactions (bond buying/selling transactions according to an agreement, i.e. selling in advance and buying back after a period of time) accounted for 28.27% of the total trading value in the whole market. Transactions by foreign investors accounted for 4.08% of the total trading value in the whole market; of which foreign investors net sold VND676 billion.
Accumulated in the first 9 months of 2025, the average trading value reached VND 15,071 billion/session, an increase of 27.95% compared to the average for the whole year of 2024. The proportion of trading value of foreign investors accounted for 3.65% of the total trading value of the whole market; in which foreign investors net bought VND 2,552 billion.
Source: https://vtv.vn/huy-dong-gan-17000-ty-dong-qua-dau-thau-trai-phieu-chinh-phu-10025100915192244.htm
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