The State Treasury plans to issue VND54,000 billion in government bonds in November 2025.

Carrying out the task of mobilizing capital for the central budget in 2025, the State Treasury has just announced a plan to auction government bonds through the Hanoi Stock Exchange in November 2025, with a total expected issuance volume of VND 54,000 billion.

Government bonds are the main capital mobilization channel for the budget.

According to the plan, the auctions will be held on November 5, 12, 19 and 26, with issuance volumes of VND 13,000 billion, VND 13,000 billion, VND 14,000 billion and VND 14,000 billion, respectively. The auctions will be held according to the Government bond issuance plan for the fourth quarter of 2025, to ensure capital mobilization for the state budget and development investment, while contributing to perfecting the bond yield curve in the market.

According to the State Treasury, in the third quarter of 2025, the total mobilized volume bonds The Government reached about VND 54,300 billion, completing 45.2% of the quarterly plan (VND 120,000 billion). By the end of September 2025, the total accumulated mobilized value from the beginning of the year reached about VND 255,688 billion, equivalent to 51.1% of the capital mobilization plan for the whole year of 2025 of VND 500,000 billion.

Issuing bonds to invest in developing transport infrastructure.

Regarding the issuance term structure, the terms from 5 to 30 years continue to account for the majority, of which the three terms of 5 years, 10 years and 15 years account for about 98.6% of the total issuance volume. The average winning interest rate in the third quarter of 2025 fluctuates around 3.0-3.9%/year: 5-year term is about 3.03-3.24%; 10-year term is about 3.59-3.79%; 15-year term is about 3.90%; 30-year term is about 3.64%.

During the implementation process, the State Treasury will continue to closely monitor market developments and the budget's capital needs, and may adjust the issuance volume for each session in November 2025 to suit the conditions. market.

The goal is to ensure the progress of capital mobilization while maintaining the stability, flexibility and efficiency of the government bond market. In addition, the State Treasury requested market makers and the Hanoi Stock Exchange to coordinate closely to effectively implement the issuance plan in November 2025.

Source: https://baoquangninh.vn/kho-bac-nha-nuoc-du-kien-phat-hanh-54-000-ty-dong-trai-phieu-chinh-phu-trong-thang-11-2025-3382896.html