The State Treasury has cut its planned auction-based government bond issuance from 500,000 billion VND to 400,000 billion VND, announced on October 12 at the Hanoi Stock Exchange. Planned issuance for the final quarter is 100,000 billion VND, with 10-year bonds accounting for half. So far this year the Treasury has raised 316,000 billion VND, about 80% of its annual target under the revised plan, compared with 63% under the original plan, while last year it reached only 74% of its 500,000 billion VND goal. The 10-year auction yield hovers around 4.43%, the highest since 2023. Yuanta Vietnam expects greater capital needs for public investment and infrastructure, while bank lending room is narrowing as credit outstanding exceeds 145% of GDP.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giảm mạnh kế hoạch phát hành trái phiếu chính phủ
Read the original on VnExpress ↗
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