Mobilizing nearly 16,000 billion VND of government bonds in January 2025

This result only achieved 14.3% of the plan set for the first quarter of 2025.

This result only achieved 14.3% of the plan set for the first quarter of 2025.

In 2025, the State Treasury plans to issue VND500,000 billion in government bonds, and VND111,000 billion in the first quarter of 2025 alone. The 2025 plan is 1.25 times higher than the plan set for 2024 and 1.7 times higher than the results of 2024.

In January 2025, HNX organized 17 auctions of government bonds issued by the State Treasury, mobilizing VND 15,982 billion of government bonds at 5 terms of 5, 10, 15, 20 and 30 years, of which the 10-year and 15-year terms had the highest issuance proportions with 80.2% and 14.8% of the total issuance volume, equivalent to VND 12,817 billion and VND 2,365 billion.

Interest rates for mobilizing government bonds with terms of 5, 10, 15, 20 and 30 years are 2.10%, 2.83%, 2.98%, 3.05% and 3.25% respectively, a slight increase of 0.03% - 0.06%/year compared to the end of December 2024.

In the secondary market, the listed value of government bonds as of January 31, 2025 reached VND 2,228 trillion. The average trading value per session reached VND 10,417 billion/session, down 23.67% compared to the previous month. Of which, the Outright trading value accounted for 73.2%, the Repos trading value accounted for 26.8% of the total trading value of the whole market. The proportion of trading value of foreign investors accounted for 4.2% of the total trading value of the whole market, of which foreign investors net bought VND 739 billion.

Regarding average trading yields, government bonds issued by the State Treasury increased the most in terms of 5-7 years, 2 years and 3-5 years, currently reaching approximately 2.6597%; 2.1252% and 2.3661%, respectively; and decreased the most in terms of 1 year, 7 years and 15-20 years, currently reaching approximately 1.1882%; 2.1203% and 2.3155%, respectively.

Regarding trading terms, medium and long-term terms are traded the most in the whole market, including 10-year, 10-15-year and 25-30-year terms with proportions to the total trading value of the whole market of 23.89%; 21.78% and 16.49%, respectively.

In the government bond market in January 2025, the commercial banking sector still holds a large trading market share, with a proportion of 49.23% of the Outright trading value and 92.04% of the Repos trading value of the whole market; the securities company sector holds a market share of 50.77% of the Outright trading value and 0.84% of the Repos trading value of the whole market.

Source: https://baodautu.vn/huy-dong-gan-16000-ty-dong-trai-phieu-chinh-phu-trong-thang-12025-d244766.html