Latest G-bond auction raises over 216 million USD

The State Treasury has raised 5 trillion VND (216.4 million USD) worth of Government bonds at a recent auction held by the Hanoi Stock Exchange.
Latest G-bond auction raises over 216 million USD ảnh 1Employees work during a Government bond auction at the Hanoi Stock Exchange.(Photo: hanoimoi.com.vn)

Hanoi (VNA)
– The State Treasury has raised 5 trillion VND (216.4million USD) worth of Government bonds at a recent auction held by the Hanoi StockExchange.

Accordingly, the State Treasury offered G-bonds of fourmaturities – seven years (500 billion VND), and 15 years, 20 years and 30 yearswith 1.5 trillion VND each.

Interest rates of all terms reported decreases, ranging from0.11-0.37 percent a year.

Specifically, 500 billion VND worth of seven-year bonds wasmobilised with an annual interest rate of 2 percent, down 0.24 percent from theauction on February 19.

A total of 1.5 trillion VND was raised from 15-year bondswith an annual interest rate of 2.51 percent, down 0.37 percent from the February26 auction. Meanwhile, another 1.5 trillion VND was collected via 20-year bonds,with a yield rate of 2.98 percent, 0.11 percent lower than that in the February19 session.

The State Treasury also raised 1.5 trillion VNDworth of 30-year bonds with an annual interest rate of 3.25 percent, down 0.3percent from the February 26 auction.

So far this year, the State Treasury has mobilised 28.26 trillion VND (1.22 billion USD) fromG-bond auctions on the HNX./.
VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.