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April 16, 2023 | 07:15

Government debt repayment reaches nearly $3bln in Q1

Bond issuances an effective channel to mobilize capital.

Government debt repayment reaches nearly $3bln in Q1

The total debt repayments of the government in the first quarter of 2023 reached over VND71.5 trillion ($2.99 billion), according to the Ministry of Finance’s Department of Debt Management and External Finance.

Of the total, direct debt repayment was nearly VND64.6 trillion ($2.7 billion) and loan repayment over VND6.95 trillion ($290 million).

The State Treasury said the government bond market was favorable for capital mobilization in the first quarter.

Total government bond issuance in March was estimated at more than VND24.5 trillion ($1.02 billion), bringing the total value in the first three months of the year to over VND93.9 trillion ($3.9 billion), or 23.49 per cent of the annual target.

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