G-bond issuance improved in June 

-    In June, G-bond issuance increased 22.5% MoM to VND29.5tn (USD1.2bn). As at the end of June, the VST had issued VND76.3tn in Q2 2024 (USD3.0bn or 63.6% of the Q2 2024 plan) and VND156.5tn in H1 2024 (USD6.1bn or 39.1% of the full-year target).

-    In the secondary market, average daily trading value (ADTV) surged 44.4% MoM to VND14.3tn (USD562.5mn).

-    In the primary market, yields of 10Y and 15Y bonds rose 8 bps MoM and 3 bps MoM to 2.74% and 2.86%, respectively. Meanwhile, in the secondary market, 10Y and 15Y yields fell by 6 bps MoM and 7 bps MoM to 2.79% and 2.95%, respectively.

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