Vietnam raises another VND3.8 trillion from G-bonds

• 95% of tax revenue collected through e-tax payment
• Jan-July import-export revenue higher than 2013 full-year figure
• State budget revenue hits over US$19 bln in four months

Illustrative photo (Photo: vneconomy.vn)

The auction looked to sell VND5 trillion (US$215 million) worth of G-bonds with 5-year, 10-year, 15-year and 20-year maturity.

Bonds with 10-year maturity raised VND1.4 trillion (US$60.2 million) with an annual interest rate of 4.8%, 0.05% higher than the previous auction on September 19. A sub-session sale of the 10-year bonds netted VND600 billion (US$25.8 million) with a yield of 4.8% per year.

Seven bidders bought VND1.2 trillion (US$51.6 million) worth of 15-year bonds with an annual yield rate of 5.07%, up 0.05% from that of the September 19 auction. Some VND600 billion (US$25.8 million) was mobilised from the sub-session, with an interest rate of 5.07%.

There were no successful bids for 5-year and 20-year bonds.

So far this year, the State Treasury of Vietnam has collected more than VND121.76 trillion (US$5.23 billion) from auctions through the HNX.