The total value of government bonds auctioned in the first ten months of this year via the Hanoi Stock Exchange (HNX) stood at over VND273.3 trillion (nearly $11.3 billion), a year-on-year increase of 1.8 per cent.
Of this, VND264.4 trillion ($10.9 billion) was mobilized by the State Treasury under the Ministry of Finance, or 66.09 per cent of the annual plan.
According to a report presented at a recent HNX conference, as of the end of September, the size of Vietnam’s bond market equaled 35.77 per cent of GDP in 2022, to which government bonds contributed 22.76 per cent and corporate bonds 12.6 per cent.
Total transaction value stood at VND1.2 quadrillion ($49.6 billion) in the ten-month period, of which commercial banks accounted for 75.5 per cent, securities companies 13.85 per cent, insurance companies 3.86 per cent, and investment funds 0.55 per cent.
Vietnam’s corporate bond market has experienced positive movements of late. As of October 31, the number of privately-placed corporate bond codes stood at 451 from 114 bond-issuing organizations through HNX systems, with total bonds issued reaching more than 648.4 million with a total value of VND336.8 trillion ($13.9 billion).
Electricity of Vietnam (EVN) and the Bank for Investment and Development of Vietnam (BIDV) successfully issued green corporate bonds under standards from the International Capital Market Association (ICMA).