The Hanoi Stock Exchange (HNX) sold a total of 13.8 trillion VND (648.9 million USD) worth of government bonds during October an 8 percent increase compared to September.

Of the amount, some 12.7 trillion VND (597.2 million USD) was raised for the State Treasury and 1.1 trillion VND (51.7 million USD) for the central city of Da Nang’s People’s Committee. 

The annual interest rates ranged from 4.8 – 5.6 percent for 5-year bonds, from 6.19 – 6.34 percent for 10-year bonds, and from 6.96 – 7.05 percent for 15-year bonds. The rates declined by between 0.8 to 1 percent in all terms compared to the figures recorded last month. 

In the secondary market, the number of government bonds in outright transactions amounted to 551 million units, which were equivalent to 61.2 trillion VND (2.88 billion USD). Meanwhile, 249 million units worth 26.1 trillion VND (1.23 billion USD) were traded in repurchase transactions. 

On November 1, the government issued a resolution exempting corporate and personal income taxes on incomes generated by Vietnamese government bonds issued on foreign markets in 2014.-VNA