HANOI- Vietnam’s State Treasury raised 10.04 trillion ($392.6 million) in a government bond auction on Wednesday, up from $350 million raised last week.
The uptake was also higher, a filing to the Hanoi Stock Exchange showed, with 83.6 percent of the offer sold compared with 73.3 percent at last week’s auction.
The auction took total government bond sales to 34.3 trillion dong since the start of the year, according to data from the exchange.
Vietnam uses the proceeds from bond sales mainly to fund its public investments, among the key drivers of economic growth.
At Wednesday’s auction, the treasury sold all of the 10 trillion dong of 10-year bonds offered at a coupon of 2.94 percent, compared with last week’s coupon of 2.88 percent.
It also sold 36 billion dong out of 500 billion dong of 30-year bonds available with a coupon of 3.25 percent, but failed to offload any of the 1.5 trillion of 5- and 15-year bonds offered.
On the corporate front, Vietnamese companies have raised 5.55 trillion dong from bond sales up to Feb. 7, according to data from the bond market association.
The value of corporate bonds maturing in the remainder of 2025 is 197.76 trillion dong, 55.4 percent of which belongs to the real estate sector and 20.8 percent to the banking sector, it said.
