Photo for illustration (Photo: VNA)

The rate of successful bids was at 52.1 percent due to increases in yield rates for five-year, seven-year, and 10-year bonds. In particular, the annual interest rate of 10-year bonds was between 5 and 5.2 percent, and for 15-year bonds between 5.25 and 5.3 percent.

In the secondary market, more than 515 million G-bonds were traded at a value of over VND56.9 trillion (USD2.44 billion) in November, up 2.15 percent against the previous month.

Meanwhile, trading volume through repurchase agreements (repos) reached more than 753 units worth VND74.7 trillion (USD3.21 billion), representing a monthly decrease of 16.3 percent in value.

According to the Ministry of Finance, Vietnam expects to issue VND180 trillion (USD7.7 billion) worth of G-bonds this year, with the focus being on long-term maturity and keeping the interest rate at low levels.

G-bonds valued at VND159.9 trillion (USD7.03 billion) issued last year had an average maturity of 13.52 years, up 4.81 years against 2016. The bonds had an average annual interest rate of some 6.07 percent, down 0.2 percentage points against 2016./.