HANOI: Vietnam’s State Treasury raised 13.55 trillion dong ($514 million) in a weekly government bond auction on Wednesday, the highest volume in six months and up from $302 million raised last week. The uptake was also higher, with 85% of the bonds on offer sold, compared with 61% last week, according to a Hanoi Stock Exchange filing. The auction took total government bond sales so far in 2025 to 322 trillion dong, according to exchange data, or nearly 65% of the government’s target of raising 500 trillion dong this year. Proceeds from bond sales are mainly used to fund Vietnam’s public investments, one of the key drivers of economic growth. At Wednesday’s auction, the treasury sold all of the 500 billion dong worth of 5-year bonds on offer at a coupon of 3.18%. It also sold 13.05 trillion dong out of the 14 trillion dong of 10-year bonds on offer at a coupon of 3.96%. The coupons are the highest for the bonds so far this year. It failed to offload any of the 1.5 trillion dong of 15- and 30-year bonds on offer. On the corporate side, Vietnamese companies have raised 539 trillion dong via bonds this year up to December 12, according to bond market association data. The value of corporate bonds maturing in the remainder of 2025 is 22.8 trillion dong, of which 42.5% is in the real estate sector and 14.5% in the banking sector, the data showed.