Vietnam raises $147 mln in govt bond auction

Vietnam's State Treasury raised 3.88 trillion dong ($147 million) in a government bond auction, significantly up from last week's $3.8 million. The auction saw a 28.7% uptake of bonds sold, compared to just 0.7% previously. This brings total government bond sales for the year to 230 trillion dong ($8.7 billion), with a target of 500 trillion dong for 2023. The treasury sold 3.86 trillion dong of 10-year bonds at a 3.51% coupon but struggled with longer-term bonds, selling only 20 billion dong of 30-year bonds. Vietnamese companies have raised 376 trillion dong in bonds this year, with a significant portion maturing in the real estate and banking sectors.