Vietnam Government Bonds Interest Rate 5-Year
Vietnam Government Bonds Interest Rate 5-Year stood at 4.25% on Sep 3, 2026, according to Hanoi Stock Exchange (HNX). It is one of the indicators in the Government bonds yield table (Value · Daily), with a complete series running from Jul 8, 2026 to Sep 3, 2026. The complete series with an interactive chart, free to download.
This indicator in the Government bonds yield table
| Indicator | 09-09-2026 | 03-09-2026 | 26-08-2026 | 19-08-2026 | 12-08-2026 | 05-08-2026 | 29-07-2026 | 22-07-2026 | 15-07-2026 | 08-07-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Government bond winning interest rate (primary market) | |||||||||||
| Maturity 5 years | 4.25 | 4.24 | 4.24 | 4.24 | 4.22 | 4.2 | 4.18 | 4.18 | 4.18 | ||
| Maturity 10 years | 4.42 | 4.41 | 4.4 | 4.4 | 4.4 | 4.38 | 4.36 | 4.35 | 4.35 | 4.35 |
Understanding vietnam Government Bonds Interest Rate 5-Year
The five-year series records the annualized average yield of bonds successfully allocated through competitive auctions up to maturity. The scope excludes rejected bids, unsold offerings, or post-issuance repo transactions. It is neither a coupon rate nor a representative yield for all outstanding bonds. Compared to the three-year maturity, this indicator incorporates stronger expectations regarding medium-term interest rates; compared longer maturities, the influence of duration risk is generally smaller.
Interpreting fluctuations between sessions requires caution if winning volumes, bid structures, or the terms of the issuance lot differ. A rising yield accompanied by a low allotment ratio carries a different implication than a rise occurring during a session with strong demand and large sales volumes. Cross-referencing with the yield curve on the same date helps isolate auction-specific spreads from broader market trends. Non-issuance days should not be treated as zero observations; around the Tet holiday, gaps between sessions can render adjacent comparisons less representative.
Frequently asked questions
- Does the five-year maturity level represent bidders or the entire market?
- It represents the portion of orders accepted in the auction, not total demand or all market transactions.
- Does a rising yield always indicate an unfavorable auction session?
- No. One must simultaneously examine the amount sold, the bid-to-cover ratio, and prevailing market yield levels.
- Can the five-year maturity be compared directly with the three-year maturity?
- They can be compared to observe maturity slopes, provided the sessions are sufficiently close and issuance conditions are not overly different.