The State Treasury of Vietnam plans to issue bonds worth 70 trillion VND (3.28 billion USD) in the first quarter of 2015, said the treasury in January.

The bonds will be mobilised to meet the capital demand of the State Budget and the local development investment in the first quarter.

The State Treasury said that it will mobilise 55 trillion VND (2.58 billion USD) in five-year bonds, 10 trillion VND (469.4 million USD) in ten-year bonds and 5 trillion VND (234.7 million USD) in 15-year bonds.

Last December, the Ministry of Finance announced that Vietnam raised nearly 290 trillion VND (13.5 billion USD) from bond sales in 2014, equivalent to 7.27 percent of the country's gross domestic product (GDP) in the same year.

Of the total, more than 234 trillion VND (11 billion USD) were raised from government bonds (G-bond), an increase of 30 percent compared with 2013, and 3.5 times higher than in 2010.-VNA