VND500 trillion of government bonds to be issued in 2025

19:13 | 18/01/2025 Finance-Banking Follow Ven.vn on

(VEN) - In 2025, the Ministry of Finance assigns the State Treasury to mobilize capital through the first issuance of government bonds of VND500 trillion.

The State Treasury said that in 2025, the State Treasury plans to issue about VND5 trillion of government bonds, an increase of about VND170 trillion compared to the actual issuance in 2024 and also the highest level ever.

According to the State Treasury’s report, the issuance of government bonds is calculated to balance the capital needs of the state budget, ensuring savings and efficiency. In 2024, the average interest rate for issuing government bonds was 2.52%/year, 69 percentage points lower than in 2023 (3.21%), reducing borrowing costs for the state budget. Notably, this year the State Treasury will announce the issuance plan once a month.

VND500 trillion of government bonds to be issued in 2025

In 2025, the State Treasury plans to issue about VND500 trillion of government bonds

The Treasury Management Department of the State Treasury said, right at the beginning of this year, the department already announced the plans and publicized information more transparently than every year. In the previous years, the plans were publicized quarterly, but this year, the detailed plans are expected to be announced on a monthly basis, and with adjustments, of course.

The issuance term of government bonds is mainly long-term, from 5 years or more, to continue restructuring the main bond debt portfolio towards extending the issuance term, reducing short-term debt repayment pressure to ensure a safe and sustainable national financial system. Last year, the average issuance term was 11.1 years.

In 2024, the State Treasury used the state budget to lend the central budget VND208.513 trillion, increasing the outstanding balance of this kind at the end of 2024 to VND400.350 trillion, thereby reducing borrowing costs by about VND8 trillion per year compared to borrowing from the market.

As of December 31, 2024, the State Treasury mobilized more than VND330.375 trillion, reaching 83% of the plan. The average issuance term of government bonds in 2024 was 11.12 years. The average maturity period of the government bond portfolio was 9.02 years. The average government bond issuance interest rate in 2024 was 2.52%/year, 69 percentage points lower than in 2023 (3.21%), helping reduce borrowing costs for the state budget.

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VND500 trillion of government bonds to be issued in 2025

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