The State Treasury had raised over VND156.5 trillion ($6.15 billion) in government bonds in the first six months of the year, fulfilling 39% of the issuance plan for 2024.

All the government bonds were offered through auctions with tenures of 5-30 years.

The average issuance term is 10.89 years, contributing to safe and sustainable public debt management.

The annual average issuance interest rate is 2.33%, lower than the 2023 rate at 3.21%. The rate is expected to help reduce cost for the state budget and fall in line with the market development and monetary policies of the State Bank of Vietnam.

The State Treasury will strive to raise VND400 trillion ($15.7 billion) in government bonds this year as assigned by the Prime Minister.