Gov't bonds fail to sell

 Only 20 per cent out of a total VND1 trillion (US$47.6 million) in Government bonds succeeded in finding buyers this week.

Three-year bonds worth VND200 billion ($9.5 million) were sold with an annual yield of 10 per cent. However, bid rates for five-year bonds ranged between 10.45-12.5 per cent, higher than issuing yield, resulting in no sales.

The bonds were issued by the Viet Nam Bank for Social Policies. Since the beginning of this year, the bank has raised a total of VND11.83 trillion ($563.3 million) worth of Government bonds

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