After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds.

Government debt repayments are on the right track, meeting the obligations committed to creditors, according to the Ministry of Finance.

The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).

The agricultural sector has disbursed about VND3.52 trillion (US$152.98 million) of public investment in the first six months of 2021, completing 35.83% of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).

The Vietnamese Government plans to borrow more than VND1.7 quadrillion (US$73.2 billion) in the 2021-2023 period to meet the capital demand for socio-economic development, according to the public debt management plan for the next three years approved late last week.

The State Treasury raised more than VND26.3 trillion (over US$1.14 billion) worth of Government bonds (G-bonds) via 16 auctions on the Hanoi Stock Exchange (HNX) in April.

Experts and economists have proposed to expand the issuance of Government bonds to the international market, saying that this will help increase opportunities to mobilise investment flows for socio-economic development projects of Vietnam in the time to come.

The Ministry of Agriculture and Rural Development (MARD) is likely to fulfil 11.4% of its yearly plan of public capital disbursement at the end of the first quarter of this year.

Nearly VND324 trillion (over US$14 billion) was mobilised through G-bond auctions at the Hanoi Stock Exchange (HNX) in 2020, accounting for 108% of the set plan.

Prime Minister Nguyen Xuan Phuc has agreed to establish the Vietnam Stock Exchange (VNX) on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE), which set to take effect on February 20, 2021.