Bond yields increased on tighter liquidity in the banking system
- The Vietnam State Treasury (VST) announced a G-bond issuance plan of VND85tn (USD3.64bn) for Q3 2022, which is 30% less than the Q2 target of VND120tn (USD5.13bn) but still tripled the actual issued amount in Q2 2022.
- Despite the high issuance target, G-bond issuance in July dropped 39% MoM to VND9.34tn (USD399mn), completing 11% of the Q3 plan. In 7M 2022, total G-bond issuance was VND78.4tn (USD3.35bn), fulfilling 19.6% of the annual plan.
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