May 23, 2018 03:18

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Market value of G-bonds equivalent to 20% of GDP

19:29 | 12/03/2018

The market value of Government bonds G bonds hit 1 quadrillion VND 44 billion USD as of the end of February 2018

market value of g bonds equivalent to 20 of gdp

Monitoring G-bond transactions (Photo: VNA)

The Hanoi Stock Exchange reported that about VND10.5 trillion (US$462 million) worth of G-bonds were traded each auction on average in the first two months of 2018.

It said sales and purchases of bonds and stocks accounted for more than 50% of the total transaction value of the market, showing the market’s high liquidity. This is also positive information for investors interested in the bond market.

According to the Ministry of Finance, G-bonds worth VND29.38 trillion (US$1.29 billion) were issued as of the end of February.

Meanwhile, total revenue of the State budget reached VND215.76 trillion (US$9.49 billion) in the first two months of 2018, equivalent to 16.1% of the yearly estimate and up 12.7% year on year.

Source: VNA