HANOI- Vietnam’s State Treasury raised 4.46 trillion dong ($175.6 million) in a government bond auction on Wednesday, down from the $244 million raised last week.
The uptake was also lower, a filing to the Hanoi Stock Exchange showed, with 44.6 percent of the offer sold compared with 56.4 percent at last week’s auction.
Vietnam is seeking to raise 400 trillion dong ($15.8 billion) from government bond sales this year, mainly to fund its public investments, among the key drivers of economic growth.
It has raised 314.7 trillion dong of that so far this year, according to data from the exchange.
At Wednesday’s auction, the treasury sold 1 trillion out of 2.5 trillion of 5-year bonds offered at a coupon of 1.92 percent. it also sold 3 trillion of 5.5 trillion of 10-year bonds available at a coupon of 2.66 percent. On the corporate front, Vietnamese companies have raised 355.6 trillion dong from bond sales this year up to Nov. 15, according to bond market association data.
