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VietNamNews

MoF to release $5b in G-bonds

Update: January, 04/2014 - 10:49

HA NOI (VNS)  — The Ministry of Finance (MoF) announced that over VND17 trillion (US$823.1 million) worth of government bonds were mobilised after its 10 auctions in December 2013.

The State Treasury sold more than VND11.589 trillion in bonds, the Viet Nam Development Bank sold VND4.648 billion, and the rest was sold by the Social Policy Bank.

The interest rate of the bonds declined by 0.1-0.2 per cent per year in December when compared with the previous month.

MoF is expected to release VND100 trillion ($4.76 billion) worth of G-bonds in 2014.

The ministry took further steps this year to ensure efficiency. The number of members participating in government bond tenders in 2014 was reduced to only 25 members instead of the 36 members who participated last year.

The bidding team included Viet Capital Joint Stock Securities Company, Bao Viet Securities Joint Stock Company, HCM City Securities Corporation, and BIDV Securities Joint Stock Company. Vietcombank Securities Limited Company, Petroleum Securities Joint Stock Company, and Beta Securities Joint Stock Company.

It also included the Ha Noi branch's ANZ Bank, Joint Stock Commercial Bank for Investment and Development of Viet Nam, the Viet Nam Bank for Agriculture and Rural Development, and Asia Commercial Bank.

Lien Viet Post Joint Stock Commercial Bank, Viet Nam Joint Stock Commercial Bank for Industry and Trade, Viet Nam Technological and Commercial Joint-stock Bank, and Joint Stock Commercial Bank for Foreign Trade of Viet Nam featured on the team as well.

Military Commercial Joint Stock Bank, Viet Nam International Commercial Joint Stock Bank, Saigon Thuong Tin Commercial Joint Stock Bank, and Viet Nam Prosperity Joint Stock Commercial Bank were also part of the team.

Rounding off the list of members were HSBC Bank (Vietnam) Limited, BNP Paribas Bank - HCM City branch, Sai Gon Commercial Bank, and ANZ Bank Limited, as well as Viet Nam Social Security. — VNS


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