The Viet Nam Bank for Social Policies (VBSP) raised VND150 billion (US$6.5 million) at the latest auction of Government-guaranteed bonds on the Ha Noi Stock Exchange (HNX) held on Monday.

The amount was mobilised from five-year bonds with an annual interest rate of 4.1 per cent, which was 0.05 per cent higher than that of the most-recent auction on July 16.

The auction had planned to sell VND2 trillion worth of bonds with five-year, 10-year, and 15-year terms. However, there were no successful bids for the 10-year and 15-year options.

Since the start of 2018, VBSP has raised VND350 billion worth of guaranteed bonds through auctions on the HNX.

Government-guaranteed bonds are bonds issued by authorised entities to mobilise capital for investment projects appointed by the Prime Minister.

According to the HNX, the State Treasury of Viet Nam raised about VND4.4 trillion ($190 million) at the last Government bond (G-bond) auction in June. The amount brought the total funds collected from G-bond auctions in the first half of 2018 to nearly VND74.6 trillion ($3.2 billion).

Interest rates for G-bonds have been on the rise lately, after a long period of decline throughout 2017 and the first four months of 2018. — VNS