Market value of G-bonds equivalent to 20 percent of GDP
The market value of Government bonds (G-bonds) hit 1 quadrillion VND (44 billion USD) as of the end of February 2018, equivalent to 20 percent of Vietnam’s GDP in 2017.
Monitoring G-bond transactions (Photo: VNA)Hanoi (VNA) – The market value of Government bonds (G-bonds) hit 1 quadrillion VND (44 billion USD) as of the end of February 2018, equivalent to 20 percent of Vietnam’s GDP in 2017.
The Hanoi Stock Exchange reported that about 10.5 trillion VND (462 million USD) worth of G-bonds were traded each auction on average in the first two months of 2018.
It said sales and purchases of bonds and stocks accounted for more than 50 percent of the total transaction value of the market, showing the market’s high liquidity. This is also positive information for investors interested in the bond market.
According to the Ministry of Finance, G-bonds worth 29.38 trillion VND (1.29 billion USD) were issued as of the end of February.
Meanwhile, total revenue of the State budget reached 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 on year.-VNA
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