The State Treasury will issue VND400 trillion in government bonds in 2024.

The State Treasury said that the plan to auction government bonds through the Hanoi Stock Exchange in 2024 is VND400,000 billion, including the volume issued to Vietnam Social Security.

Issuance of 127,000 billion VND of government bonds in the first quarter

Bank acts as a distributor of government bonds

Trong năm 2023, Kho bạc Nhà nước đã huy động được 298.476 tỷ đồng trái phiếu chính phủ, đạt 98% kế hoạch

In 2023, the State Treasury mobilized VND 298,476 billion in government bonds, reaching 98% of the plan.

In a recent dispatch on the organization and management of the state budget and central budget in the first quarter of 2024, the Ministry of Finance requested the State Treasury to coordinate with units within the Ministry to strictly control expenditures in accordance with policies and regimes.

In particular, for capital mobilization for the central budget, the Ministry of Finance requested the State Treasury to preside over and coordinate with the Department of Finance of banks and financial institutions to organize the issuance of government bonds in the market for domestic borrowing needs of about VND 127,000 billion (including mobilization from Vietnam Social Security) in the first quarter of 2024.

According to the State Treasury, in the coming time, this unit will closely follow the assigned capital mobilization plan, proactively develop an issuance schedule, grasp the revenue and expenditure situation, the principal repayment plan of the central budget and market developments to promptly advise the Ministry of Finance on solutions to mobilize government bond capital with appropriate volume, maturity, and issuance interest rates, ensuring sufficient mobilization of volume according to the needs of the central budget and maintaining stable operations of the government bond market.

At the same time, capital mobilization will continue to focus on long-term terms of 5 years or more, meeting the target of an average government bond issuance term of 9-11 years in accordance with Resolution No. 23/2021/QH15 of the National Assembly.

In 2023, the State Treasury mobilized VND 298,476 billion in government bonds, reaching 98% of the adjusted plan assigned by the Ministry of Finance to the State Treasury (VND 305,000 billion) and increasing by 39% over the same period.

The average government bond issuance interest rate in 2023 is 3.21%/year, a significant decrease when the "anchored" interest rate level is quite high compared to the same period and the beginning of the year (3.97%/year).

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