Till early November 2015, fund-raising through government bonds had only reached 60% of the year’s target, because investors were not interested in bonds with a 5-year term.
The National Assembly then allowed the offering of 3-year bonds and the Finance Ministry ended 2015 with over 10.2 billion USD raised through all kinds of bond, meeting 100% of the National Assembly’s targets. The percentage of commercial banks’ investment in government bonds also declined from 90% to 77% with more participation of insurance businesses in purchasing 20-year and 30-year bonds. Meanwhile, foreign investors are still not interested in Vietnamese government bonds, so attracting more foreign investment funds will be the task for the coming period.
