The Government bonds were issued by the Vietnam Development Bank (VDB) for the second time in 2008. Accordingly, the bidding will be launched for two-year bonds valued at VND200 billion and 15-year bonds, at VND500 billion.

After a one-year suspension, the VDB again issued the two-year bonds on June 20, 2008 coincidence with the issuance of 15-year bonds. The interest will be paid once a year periodically and will not be calculated into principal. Bonds are sold at face value and listed at HASTC.

Two kinds of bonds will be up for bid: interest-based and non-interest based. As much as 30 percent of the Government bonds will be reserved for non-interest based bidding.