The Ministry of Finance (MoF) announced that over 17 trillion VND (823.1 million USD) worth of government bonds were mobilised after its 10 auctions in December 2013.

The State Treasury sold more than VND11.589 trillion in bonds, the Viet Nam Development Bank sold VND4.648 billion, and the rest was sold by the Social Policy Bank.

The interest rate of the bonds declined by 0.1-0.2 percent per year in December when compared with the previous month.

MoF expects to release 100 trillion VND (4.76 billion USD) worth of G-bonds in 2014.

The ministry took further steps this year to ensure efficiency. The number of members participating in government bond tenders in 2014 was reduced to only 25 members instead of the 36 members who participated last year.

The bidding team included Viet Capital Joint Stock Securities Company, Bao Viet Securities Joint Stock Company, HCM City Securities Corporation, and BIDV Securities Joint Stock Company. Vietcombank Securities Limited Company, Petroleum Securities Joint Stock Company, and Beta Securities Joint Stock Company.

It also included the Hanoi branch's ANZ Bank, Joint Stock Commercial Bank for Investment and Development of Viet Nam, the Vietnam Bank for Agriculture and Rural Development, and Asia Commercial Bank.

Lien Viet Post Joint Stock Commercial Bank, Vietnam Joint Stock Commercial Bank for Industry and Trade, Vietnam Technological and Commercial Joint-stock Bank, and the Joint Stock Commercial Bank for Foreign Trade of Vietnam featured on the team as well.

Military Commercial Joint Stock Bank, Vietnam International Commercial Joint Stock Bank, Saigon Thuong Tin Commercial Joint Stock Bank, and Vietnam Prosperity Joint Stock Commercial Bank were also part of the team.

Rounding off the list of members were HSBC Bank (Vietnam) Limited, BNP Paribas Bank – Ho Chi Minh City branch, Sai Gon Commercial Bank, and ANZ Bank Limited, as well as Vietnam Social Security.-VNA