State Treasury plans to issue VND350,000 billion in bonds in 2021
The State Treasury has just announced the plan to auction government bonds in 2021 with a total issuance of 350,000 billion VND.
Specifically, carry out the task of raising capital forcentral budgetIn 2021, the State Treasury announced a plan to auction government bonds through the Hanoi Stock Exchange with a total issuance of VND 350,000 billion (including the issuance volume for Vietnam Social Security).
Estimated volume: 5-year term is 20,000 billion VND, 7-year term is 15,000 billion VND, 10-year term is 120,000 billion VND, 15-year term is 135,000 billion VND, 20-year term is 30,000 billion VND, 30-year term is 30,000 billion VND.
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| The State Treasury plans to issue VND350,000 billion in bonds in 2021. Illustration photo: KT |
During the implementation process, the State Treasury may adjust the volume of bond issuance for different maturities to suit the market situation and capital needs of the state budget.
According toState TreasuryIn 2021, the unit will strive to complete the 2021 capital mobilization plan assigned by the Ministry of Finance, ensuring the average maturity target of the issuance portfolio according to the Prime Minister's decision and implementing the policy on restructuring the State budget and public debt towards ensuring the safety and sustainability of the national financial system. Along with that, it will closely link the primary market and the secondary market, debt management, treasury management, and budget management, contributing to enhancing the effectiveness of public debt management.
The State Treasury also aims to issue a variety of bond maturities, in line with investment needs and to create a reference interest rate for the market. At the same time, it will restructure public debt according to the Project approved by the Prime Minister; pilot the issuance of new types of bonds according to the implementation progress of the Ministry of Finance.
