Nearly $7B raised through gov't bond auctions in five months

The State Treasury raised VND162.95 trillion (nearly $6.94 billion) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year.

The amount was equal to 48.4% of the issuance plan in the second quarter, and 40.74% of the plan set for 2023.

In May alone, as many as VND23.27 trillion, or 75.06% of the total G-bonds on offer, was mobilized via 17 auctions on the HNX.

Vietnamese banknotes seen at a bank in Hanoi.

Most of the total volume offered in the month was 15-year and 10-year bonds, accounting for 43.4% and 32.1%, respectively.

Interest rates continued their downward trend in all terms, with a decrease of 27-35 basis points compared to the last session of April.

In the last auction of May, the interest rates for 5-, 10-, 15-, 20-, and 30-year terms were 2.4%, 2.95%, 3.05%, 3.19% and 3.4%, respectively.

On the secondary market, the State Treasury mobilized VND132.57 trillion in May, with the average trading value reaching VND6.63 trillion per session, up 1.43% from the previous month. The total volume traded via outright transactions made up 56.69% of the total.

Bonds with 10-, 15-, and 10-15 year maturity were traded the most, accounting for 25.75%; 18.02% and 11.4%, respectively.

Bac Giang focuses on disbursing public investment capital, selling lychee

(BGO) – On May 19, Permanent Vice Chairman of Bac Giang provincial People’s Committee (PPC) Mai Son chaired PPC regular meeting in May

 

Efforts to improve investment and business environment

The Provincial Competitiveness Index (PCI) 2022 is the recognition of the business community on the innovation and creativity efforts of local authorities over the past year. While Bac Giang, a province in the northern midland region, made great progress, ranking second, Hanoi and Ho Chi Minh City downgraded compared to the results in 2021. This reflects fierce competition in development, forcing localities to thoroughly grasp their strengths and weaknesses to make changes to avoid lagging.

 

Investment attraction to industrial park reaches yearly target

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Deputy PM greenlights infrastructure investment at VSIP Lang Son IP

Deputy Prime Minister Le Minh Khai on May 15 signed a decision approving an investment policy for the construction and operation of infrastructure at VSIP Lang Son Industrial Park in the northern mountainous province of Lang Son.

 

Bac Giang improves quality of investment attraction

The northern province of Bac Giang will focus on improving the quality of investment promotion work in the near future, said Chairman of the provincial People’s Committee Le Anh Duong.

 

Source: VnExpress