Government bond market in March 2025: mobilizing 65,329 billion VND through bidding

(Chinhphu.vn) – According to the Hanoi Stock Exchange (HNX), in March 2025, the government bond market was active in both the primary and secondary markets.

Mobilization value increased by 124% compared to February

Accordingly, in the primary market, HNX organized 15 auctions of Government bonds issued by the State Treasury, raising VND 65,329 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 bidding for Government bonds, reaching 99.5% of the issuance plan for the first quarter and 22.09% of the plan for 2025.

The bonds successfully issued in March had 4 terms of 5, 10, 15 and 30 years, of which the 10-year term was the main one with a proportion of 92.6%, equivalent to VND 60,523 billion. The interest rates for mobilizing government bonds 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 the previous month, the interest rates for the remaining terms decreased slightly or remained unchanged.

On the secondary market, the listed value of Government bonds as of March 31, 2025 reached VND 2,318,161 billion. The average trading value in March reached VND 16,528 billion/session, up 23.8% over the previous month.

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

UPCOM market transaction value decreased

After strong growth in February, the UPCoM market saw a sharp decline in trading in March 2025. The UPCoM Index closed the last trading session of the month at 98.05 points, down 1.53%. The average trading volume (V) decreased by 21.94% compared to February, reaching more than 54.13 million shares/session, the average trading value (GTGD) decreased by 23.48%, reaching more than VND 721.87 billion/session. The trading session on March 10, 2025 recorded the highest VGD of the month at more than 71.1 million shares. In addition, the trading session with the highest GTGD of the month at more than VND 1,018 billion was on March 13, 2025.

In terms of liquidity, HNG shares of Hoang Anh Gia Lai International Agriculture Joint Stock Company (JSC) continued to be the most traded stock on UPCoM in the past 5 months with 97.75 million shares, accounting for 8.6% of the total market. Next is ABB shares of An Binh Commercial Joint Stock Bank with trading volume reaching over 85.83 million shares, accounting for 7.55%. BVB shares of Ban Viet Commercial Joint Stock Bank maintained the 3rd position with a proportion of 7.22%, corresponding to trading volume reaching over 82.05 million shares.

Regarding transaction prices, the stock code with the strongest increase in March 2025 was TMW of Tan Mai Wood General Joint Stock Company with a closing price of VND 34,000, an increase of 183.33% compared to the previous month...

The trading value of foreign investors on UPCoM decreased by 6.68% compared to the previous month, in which foreign investors continued to net sell more than VND 582 billion, with a selling value of VND 729 billion, buying more than VND 147 billion. The stock bought the most by foreign investors continued to be ABB of An Binh Commercial Joint Stock Bank with a trading volume of more than 1.26 million shares (accounting for 18.3%), followed by DRI shares of Dak Lak Rubber Investment Joint Stock Company with a trading volume of more than 681 thousand shares (reaching a proportion of 9.9%). On the selling side, QNS of Quang Ngai Sugar Joint Stock Company was the stock sold the most by foreign investors with a trading volume of more than 4.68 million shares, accounting for a proportion of 25.22%...

Securities companies strongly increased their proprietary trading on UPCoM with a total trading value of more than VND 445.27 billion, an increase of 115.44% compared to the previous month, in which securities companies continued to net sell VND 146.44 billion on UPCoM, specifically buying value of VND 149.41 billion and selling value of VND 295.85 billion.

In March, the UPCoM market welcomed 1 new registered enterprise and 3 enterprises canceled their registration. Of which, 2 enterprises canceled their registration to list shares on HOSE, HNX and 01 enterprise had its public company status revoked. At the end of March 2025, the UPCoM market had 886 enterprises, with a total registered transaction value of more than 473 trillion VND. The market capitalization value as of March 31, 2025 reached more than 1,421 trillion VND, down 4.55% compared to the previous month.

In the first quarter of 2024, the average trading volume on the UPCoM market reached 57.15 million shares/session and the average trading value reached VND 784 billion/session, an increase of 6.18% in trading volume and a decrease of 13.27% in trading value compared to the average of 2024.

Mr. Minh

Source: https://baochinhphu.vn/thi-truong-tpcp-thang-3-2025-huy-dong-65329-ty-dong-qua-dau-thau-10225040219520176.htm