The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion). For some perspective, that’s about .5 percent of Vietnam’s GDP which is around US$400 billion.
It’s been widely reported that this is a move to shore up the currency which could have knock on effects. See: Vietnam state media confirms T-bills issued to support local currency
See also: State Bank bills issued last week actually worth more than US$1.2 billion