Government bonds to exceed expectations

May 29, 2013 | 18:00

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The total volume of government bonds issued this year will rise to VND170 trillion ($8.17 billion), instead of VND150 trillion ($7.2 billion) as initially planned.

The State Treasury revealed the news in a note sent to the market members.

According to the adjusted plan, the three-year bonds made up the biggest proportion at VND50 trillion ($2.4 billion), followed by two-year bonds with VND 37 trillion ($1.78 billion) and five-year bonds with VND35 trillion ($1.68 billion).

Ten- and 15-year bonds account for the smallest proportion with the total volume at VND15 trillion ($721 million).

However, the State Treasury said it could still adjust the volume of these terms further in line with the market situation.

Many experts said the increase in government bonds issuance volumes was a sign to loosen public investment which was necessary to push up the economy's low demand power and help enterprises.

By By Nguyen Trang

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