Monitoring G-bond transactions (Photo: VNA) Hanoi (VNA) – Themarket value of Government bonds (G-bonds) hit 1 quadrillion VND (44 billionUSD) as of the end of February 2018, equivalent to 20 percent of Vietnam’s GDPin 2017.
The Hanoi Stock Exchange reported that about10.5 trillion VND (462 million USD) worth of G-bonds were traded each auctionon average in the first two months of 2018.
It said sales and purchases of bonds and stocksaccounted for more than 50 percent of the total transaction value of themarket, showing the market’s high liquidity. This is also positive informationfor investors interested in the bond market.
According to the Ministry of Finance, G-bondsworth 29.38 trillion VND (1.29 billion USD) were issued as of the end ofFebruary.
Meanwhile, total revenue of the State budgetreached 215.76 trillion VND (9.49 billion USD) in the first two months of 2018,equivalent to 16.1 percent of the yearly estimate and up 12.7 percent year onyear.-VNA
VNA
