Government bond mobilization reached 99.5% of the plan in the first quarter of 2025

According to the Hanoi Stock Exchange (HNX), in March 2025, the government bond market was active.

In the primary market, HNX organized 15 auctions of government bonds issued by the State Treasury, mobilizing VND65,329 billion, an increase of 124% compared to the value mobilized in February.

In the first 3 months of 2025, the State Treasury mobilized VND 110,440 billion through government bond bidding, reaching 99.5% of the first quarter issuance plan and 22.09% of the 2025 plan.

The bonds successfully issued in March had 4 terms of 5, 10, 15 and 30 years, of which the majority was the 10-year term with a proportion of 92.6%, equivalent to VND 60,523 billion.

Interest rates for government bonds mobilized at the end of March for terms of 5 years, 10 years, 15 years and 30 years were 2.15%, 2.96%, 3.05% and 3.28% respectively, of which the interest rate for the 5-year term increased slightly by 0.05%/year compared to the end of last month, the interest rates for the remaining terms decreased slightly or remained the same.

In the secondary market, the listed value of government bonds as of March 31, 2025 reached VND2,318,161 billion. The average trading value reached VND16,528 billion/session, up 23.8% compared to the previous month. Foreign investors' transactions increased compared to February, accounting for 3.33% of the total trading value of the whole market, of which foreign investors net bought VND988 billion.

Accumulated in the first 3 months of 2025, the total secondary transaction value reached 791,118 billion VND, the average transaction value was 13,640 billion VND/session, an increase of 15.79% compared to the average for the whole year of 2024.

Source: https://hanoimoi.vn/huy-dong-trai-phieu-chinh-phu-dat-99-5-ke-hoach-quy-i-2025-697668.html