Illustrative Photo: Internet

In 2022, the State Treasury is assigned by the Ministry of Finance to collect VND400,000 billion for the State budget

In the first six months of the year, the State Treasury closely followed the developments of the financial and monetary market, the collection and spending of the central budget, and the state budget balance to proactively report and propose solutions to the Ministry of Finance to mobilize capital through the issuance of government bonds.

As a result, by the end of June 30, 2022, the State Treasury collected VND69,087 billion, reaching 17.3% of the 2022 plan assigned by the Ministry of Finance. The average maturity of government bonds is 14.75 years; the average interest rate is 2.45%/year; the remaining maturity of the government bond portfolio is 9.2 years.

The State Treasury said that the unit has publicized its annual and quarterly issuance plan and schedule so that investors can actively arrange capital to participate in the market; proactively adjusted the volume and interest rate of each issuance of government bonds to ensure capital mobilization in the market at a reasonable interest rate, meeting to the capital needs of the central budget; closely worked with relevant units under the Ministry of Finance in advising the ministry’s leaders on the management and administration of the state budget and public debt; coordinated with the Hanoi Stock Exchange, the State Securities Commission and the Department of Finance and Banking to organize a conference on bond market activities in 2022.

In the last six months of the year, the State Treasury will continue to closely monitor the state budget collection, the disbursement progress of public investment capital, the central budget's principal repayment plan and the market situation to manage the issuance volume of government bonds, diversify bond maturities and offer interest rates reasonably in line with monetary policy.