Vietnam raises $298 mln in govt bond auction

Vietnam's State Treasury raised $298 million in a government bond auction, increasing from $229 million last week. 60% of the bonds were sold, meeting 60% of the annual target. Proceeds fund public investments, driving economic growth. The auction sold 10-year bonds at a 3.88% coupon but failed to sell 5-, 15-, and 30-year bonds. Vietnamese companies raised 511 trillion dong via bonds this year, with significant maturities in real estate and banking sectors.