Business

Vietnam expects to raise 120 trillion VND worth of G-bonds in Q3

The State Treasury recently announced a plan to auction Government bonds worth of 120 trillion VND (5.21 billion USD) via the Hanoi Stock Exchange in the third quarter.
Vietnam expects to raise 120 trillion VND worth of G-bonds in Q3 ảnh 1Illustrative image (Photo: baochinhphu.vn)

Hanoi (VNA) – The StateTreasury recently announced a plan to auction Government bonds worth of 120trillion VND (5.21 billion USD) via the Hanoi Stock Exchange in the thirdquarter.

Specifically, five-yearbonds will be worth 10 trillion VND, seven-year ones 8 trillion VND, 10-yearbonds valued at 40 trillion VND, 15-year bonds 50 trillion VND, 20-year bonds 5trillion VND and 30-year bonds 7 trillion VND.

The State Treasury couldadjust the volume of issued bonds to suit market situation and meet demand forState budget use.

In the first half of this year,it mobilised over 141.4 trillion VND worth of Government bonds, or 40.4 percentof the target assigned by the Finance Ministry./.

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