$3 billion of Gov’t bonds raised in Q1 2026

$3 billion of Gov’t bonds raised in Q1 2026

The State Treasury raised over VNĐ80 trillion (US$3 billion) through government bonds in the first quarter of 2026, meeting 16 per cent of the annual raising target.

Government bonds valued at VNĐ100,000. The Hanoi Stock Exchange (HNX) reported that VNĐ19.56 trillion were raised in March alone. — Photo cafef.vn

Việt Nam’s State Treasury raised VNĐ80.1 trillion (US$3 billion) through government bond issuances in the first quarter of 2026, fulfilling 16 per cent of its annual fundraising target, according to the Hanoi Stock Exchange.

The Hanoi Stock Exchange (HNX) reported that VNĐ19.56 trillion was mobilised in March alone.

The exchange organised 16 auctions during the month across a range of maturities, including five, seven, 10, 15, 20 and 30 years.

The government bond market saw a slight uptick in winning bid yields, rising by between two and 10 basis points compared with the final auction in February. By the end of March, yields had climbed to 3.6 per cent per year for five-year bonds, 4.11 per cent for 10-year bonds and 4.2 per cent for 15-year bonds.

Outright transactions continued to dominate trading activity, accounting for 73.79 per cent of total market value, while repurchase agreements made up the remaining 26.21 per cent.

Foreign investors maintained a steady presence in March, with trading accounting for 5.03 per cent of total volume. They recorded net purchases of VNĐ33 billion over the period. 

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