G-bond transactions on sharp rise

The value of G bonds in outright transactions was calculated at VND778.5 trillion (US$34.2 billion) while sales in repurchase transactions reached VND734.6 trillion (US$32.3 billion). 

Average transaction value in the period stood at VND8.56 trillion per auction, 1.35 times higher than the same time last year. Notably, there were many transaction sessions worth over VND10 trillion (US$439.9 million) per auction, even VND15 trillion (US$659.8 million) recorded on June 22.

The HNX said that Vietnamese G-bond market has experienced robust growth in recent years, represented through the increase of repurchase transaction value which occupied 48.2 percent of the total while the last year’s figure was only 40 percent.

Foreigners have also become more interested in Vietnam’s G-bond market, spending VND95.4 trillion (US$4.2 billion) on G bonds during January-September. 

They posted a net buy value of VND20.66 trillion (US$908.8 million), up 162% from 2016. That was an improvement compared to total foreign investors’ net sell value of VND4.4 trillion (US$193.6 million USD) made in 2015