In November, the State Treasury held four government bond auctions, raising 23,490 billion VND.
The cumulative issuance volume in the fourth quarter was VND 51,230 billion, reaching 35.3% of the quarterly plan (VND 145,000 billion).
The cumulative volume of bonds issued from the beginning of the year to November 30th is VND 306,919 billion, reaching 61.4% of the 2025 issuance plan (VND 500,000 billion).
Accordingly, the average annual maturity of government bonds is 9.78 years; the average maturity of the portfolio is 8.58 years; and the average issuance interest rate is 3.12% per year.

The State Treasury has closely coordinated with relevant units to ensure the full and timely payment of principal, interest on government bonds, and related costs to investors. The total amount of principal, interest on government bonds, and related costs paid in November 2025 was VND 9,567 billion.
This includes principal payments of VND 4,490 billion; interest payments of VND 5,074 billion; and expense payments of approximately VND 3 billion.
In December, the volume of government bonds expected to be issued is 49 trillion VND.
During the process, the State Treasury may adjust the issuance volume for each session to suit market conditions and the capital needs of the state budget.
Accordingly, the actual total issuance volume in each session and in December may be higher or lower than the above-mentioned projected figure, but will still be within the total issuance volume for the fourth quarter of 2025 that has been announced to the market by the State Treasury.
Source: https://daibieunhandan.vn/phat-hanh-trai-phieu-chinh-phu-dat-hon-61-ke-hoach-10399929.html










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