Treasury to mobilise more capital from Government bonds    As of August 24, the treasury has mobilised more than 231 trillion VND (10.34 billion USD) or more than 92 percent of the year plan (Photo: vietstock.vn) Hanoi - The state treasury of Vietnam offloaded more than 92 percent of the bonds planned for the year as of August 24, according to the Hanoi Stock Exchange.  As of August 24, the treasury has mobilised more than 231 trillion VND (10.34 billion USD). In particular, the exchange said the treasury sold all five-year bonds worth 3 trillion at a coupon rate of 5.79 percent per annum, 0.13 percent lower than that of the previous session on August 17. Following higher demand, it also sold same term bonds of 900 billion VND with the same coupon rate.  Similarly, seven-year bonds worth 3 trillion VND were sold at a coupon rate of 6.35 percent per annum, 0.14 percent lower than the last session. The treasury also sold bonds worth another 900 billion VND at the same rate due to demand.  Thus, compared to the revised plan of 250 trillion VND in bonds for 2016, to which was added another 30 trillion VND after good sales in the first half, G-bond sale has reached more than 92 percent.  Bao Viet Securities Company (BVSC) said the state treasury would soon complete mobilisation plans of government bonds this year and mobilise more capital from G-bonds in the last few months of the year. The firm said that with less pressure to meet targets, the interest rates of the bonds may fall, making them more attractive to investors.  According to the treasury, the sale of bonds for five-year and 15-year terms exceeded the target. On the other hand, the treasury could not sell any of its 20-year bonds worth 1 trillion VND when offered in the August 24 auction.  Deputy Prime Minister Vuong Dinh Hue welcomed insurance firm AIA’s chairman Mark Edward Tucker on August 25 and said the country had set a bond sale target of 35 percent of the GDP by 2020, especially bonds with long terms of 15 to 20 years.  He said the AIA Group could invest more strongly in the long-term G-bonds market, while the AIA head reaffirmed their commitment to long-term investment such as G-bonds, infrastructure and the healthcare system.-VNA