Vietnam raises $514 million through government bond auction, the highest in six months

Vietnam’s finance ministry raised 13.55 trillion dong ($514 million) in a weekly government bond auction on Wednesday, the highest volume in six months and up from the $302 million raised last week.Take-up was also higher, with 85% of bonds offered sold, compared with 61% last week, according to a filing on the Hanoi Stock Exchange.

The auction brought total government bond sales so far in 2025 to VND322 trillion, according to stock market data, or nearly 65% ​​of the government’s target of raising VND500 trillion this year.
Proceeds from bond sales are mainly used to finance Vietnam’s government investment, one of the main drivers of economic growth.

At Wednesday’s auction, the Finance Ministry sold all offered five-year bonds worth VND500 billion at a coupon of 3.18%.

It also sold 13.05 trillion dong of the 14 trillion dong worth of 10-year bonds offered at a 3.96% coupon.

The coupons are the highest for the bonds so far this year. None of the VND1.5 trillion worth of 15- and 30-year bonds on offer have been waived.On the corporate side, Vietnamese companies have raised VND539 trillion through bonds this year through December 12, according to data from the bond market association.

The value of corporate bonds maturing in the rest of 2025 stands at 22.8 trillion dong, with 42.5% in the real estate sector and 14.5% in the banking sector, the data showed.