Total G-bond issuance in the primary market plummeted 85% MoM to VND3.5tn (USD153mn) in February. Similarly, total trading value in the secondary market dropped 43% MoM to VND173tn (USD7.5bn) with outright transactions plunging 47.3% MoM to VND106.5tn (USD4.6bn). The declines in both issuance and trading value in both the primary and secondary markets were partly attributed to the long Tet holiday that cut the number of working days in February to 15 vs 20 in January.