Vietnam’s State Treasury raised VND 9,280 billion (US$352 million) in its April 15 government bond auction, with demand concentrated in the 10-year tenor, according to a release from the Vietnam Bond Market Association.
The Treasury had offered VND 13,500 billion (US$512 million) across four maturities, including 5-year, 10-year, 15-year, and 30-year bonds, but failed to sell any 15-year or 30-year notes.
The 10-year bond dominated issuance, with VND 9,100 billion (US$345 million) allocated against VND 11,400 billion in bids, reflecting an 83 percent success rate and a 1 basis point rise in yield to 4.14 percent.
By contrast, the 5-year tranche saw weaker demand, with VND 180 billion (US$6.8 million) issued from VND 380 billion in registrations, equivalent to an 18 percent allocation rate and a yield of 3.8 percent.
Year to date, the Treasury has issued VND 95,866 billion (US$3.64 billion) in government bonds, completing 19.2 percent of its 2026 issuance plan of VND 500,000 billion (US$19.0 billion).
Issuance remains heavily skewed toward longer tenors, with 10-year and 15-year bonds accounting for 99.1 percent of total issuance so far this year, led by VND 94,011 billion (US$3.57 billion) in 10-year bonds.
TABLE: Vietnam government bond issue April 15, 2026 / VND billions
| Code | Term | Offered | Registered | Won | Yield |
| TD2631008 | 5 | 1,000 | 380 | 180 | 3.8 |
| TD2636022 | 10 | 1,1000 | 11,400 | 9,100 | 4.14 |
| TD2641037 | 15 | 1,000 | 400 | 0 | – |
| TD2646050 | 30 | 500 | 0 | 0 | – |