Bond market remained stable in April. Although total G-bonds issued in the primary market in April fell 12% to VND12.6tn (USD548mn), the winning rate improved to 68% from 52% last month. Of the total issuance, investors continued to favor 10Y and 15Y bonds (VND4.9tn or USD213mn, and VND6.4tn or USD278mn), respectively, equivalent to 39.3% and 50.9% of bonds successfully sold, with respective high winning rates of 73% and 85%.