Government bond market in July: 25,859 billion VND mobilized through bidding
10-year term accounts for 84% of Government bond issuance value in July
Bonds issued during the month included terms of 5, 10, 15 and 30 years, mainly 10-year and 15-year terms, with issuance proportions of 84% and 11%, respectively, equivalent to VND 21,656 billion and VND 2,900 billion.
At the auction at the end of July, the winning interest rates for the 5, 10, 15 and 30-year terms were 2.75%, 3.29%, 3.40% and 3.45%, respectively, up 16, 11, 13 and 5 basis points compared to the auction at the end of June.
In the secondary market, the listed value of Government bonds as of July 31, 2025 reached VND2,412,646 billion. The average trading value reached VND15,710 billion/session, down 6.15% compared to the previous month. Foreign investors' transactions accounted for 4.27% of the total trading value of the whole market, of which foreign investors net bought VND298 billion.
Commercial banks continue to dominate bond trading market share
In July, the trading yield of Government bonds increased the most in the 3-5 year, 25-30 year and 7-10 year terms, currently reaching an average yield of about 2.6553%; 3.5552% and 2.888% respectively; the highest decrease was in the 25 year, 5-7 year and 15 year terms, currently reaching an average yield of about 3.0799%; 2.4363% and 3.0527% respectively.
Medium and long-term terms were traded a lot, of which 10-year, 5-year and 7-10-year terms were traded the most with proportions compared to the total transaction value of the whole market being 20.86%; 15.60% and 11.48% respectively.
The commercial banking sector continues to maintain its dominant market share in the Government bond market, with the proportion of Outright (buy-sell) and Repos (buy-sell) transaction value compared to the entire market being 47.44% and 92.14%, respectively.
Mr. Minh
Source: https://baochinhphu.vn/nha-dau-tu-nuoc-ngoai-mua-rong-gan-300-ty-dong-tpcp-trong-thang-7-102250808180223156.htm
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