Vietnam’s State Treasury has raised VND168.5 trillion
(approximately $6.5 billion) through government bond issuance as of June 15,
fulfilling about 33.7% of its 2026 fundraising target, according to the
Ministry of Finance.
Under the ministry’s plan, the State Treasury is tasked with
issuing a total of VND500 trillion in government bonds this year to support
state budget financing and fiscal balance.
In the second quarter alone, the Treasury conducted 11 bond
auctions, raising VND88.4 trillion. All bonds were issued through competitive
auctions, with maturities ranging from three to 30 years.
Issuance yields have continued to trend higher compared with
last year. By mid-June, the average bond yield had reached 4.09% per annum, up
0.83 percentage points from the average level recorded in 2025.
The State Treasury said it has maintained a flexible
approach to interest-rate management, closely monitoring market developments
and aligning its issuance strategy with the monetary policy orientation of the
State Bank of Vietnam.