Issued G-bonds tripled MoM, the VST roughly fulfilled 2018 issuance target. December G-bond issuance nearly tripled to VND28.5tn (USD1.24bn) with a winning rate of 71%, improving from 52% in November as both bond supply and demand surged. As of the end of December, the Vietnam State Treasury (VST) had completed 94.7% of FY2018’s target, which was revised down to VND175tn (USD7.6bn) in September from VND200tn (USD8.7bn).