Vietnam government bond auction March 11 / VND 560 billion sold (~5% of offering)

Vietnam’s State Treasury sold VND 560 billion (US$21.3 million) worth of government bonds at an auction held on March 11, 2026, far below the VND 13,500 billion (US$512.3 million) offered, according to a release from the Vietnam Bond Market Association.

The auction included four tenors: five-year bonds worth VND 1,000 billion (US$37.9 million), 10-year bonds worth VND 11,000 billion (US$417.5 million), 15-year bonds worth VND 1,000 billion (US$37.9 million), and 20-year bonds worth VND 500 billion (US$19.0 million).

Only the 10-year bonds attracted winning bids, with VND 560 billion (US$21.3 million) sold, equivalent to about 5 percent of the amount offered for that tenor.

The yield on the 10-year bonds remained unchanged at 4.11 percent per year, while no bonds were sold for the five-year, 15-year, or 20-year maturities.

Demand was strongest for the 10-year tranche, which received bids totalling VND 6,970 billion (US$264.5 million), while five-year bonds registered bids worth VND 200 billion (US$7.6 million) and 15-year bonds VND 400 billion (US$15.2 million).

No bids were registered for the 20-year bonds.

Year to date, the State Treasury has issued about VND 65,931 billion (US$2.50 billion) worth of government bonds across maturities ranging from five to 30 years.

This represents roughly 13.2 percent of the government’s 2026 issuance plan of VND 500,000 billion (US$18.98 billion).

Ten-year bonds account for the bulk of issuance so far this year, with VND 64,581 billion (US$2.45 billion) sold, followed by 15-year bonds at VND 850 billion (US$32.3 million) and five-year bonds at VND 500 billion (US$19.0 million).

TABLE: Government bonds March 11 / VND billions