Government bond issuance reached 56.7% of the plan

The State Treasury said that the cumulative issuance volume from the beginning of the year to the end of October 2025 was VND 283,429 billion, reaching 56.7% of the plan.

According to information from the State Treasury (KBNN), in October, the KBNN organized 5 government bond auctions, mobilizing 27,740 billion VND.

The cumulative volume of government bonds issued in the fourth quarter was VND27,740 billion, reaching 19.1% of the quarterly plan announced to the market (VND145,000 billion).

The cumulative issuance volume from the beginning of the year to the end of October 2025 is VND 283,429 billion, reaching 56.7% of the issuance plan for 2025 (VND 500,000 billion).

Accordingly, the average annual issuance term of government bonds is 9.84 years; the average maturity of the portfolio is 8.64 years; the average issuance interest rate is 3.07%/year.

Illustration photo. Source: TL

Over the past time, the State Treasury has closely coordinated with relevant units to make full and timely payments of principal, interest on government bonds and related costs to investors.

Total payments of principal, interest on government bonds and related expenses in October were VND16,194 billion. Of which, principal payment: VND10,000 billion; interest payment: VND6,192 billion; expense payment: about VND2 billion.

Regarding the market situation, in October 2025, the interest rate of government bonds in the secondary market tended to increase slightly, an increase of about 0.04 - 0.19%/year compared to the beginning of October 2025.

In the primary market, demand for investment in government bonds in October 2025 remained low, specifically: the total volume of calls was 67,500 billion VND but the bid volume only reached 46,158 billion VND, equivalent to 68.4% of the call volume.

At the same time, about 50.2% of the bidding volume was higher than the market interest rate on the same day. Accordingly, the winning volume in October 2025 was low, while the issuance interest rate for each term continued to increase by about 0.11-0.4%/year depending on the term compared to the end of the third quarter of 2025.

Source: https://daibieunhandan.vn/phat-hanh-trai-phieu-chinh-phu-dat-56-7-ke-hoach-10396877.html