Total G-bond issuance in March dropped by 29.2% MoM to VND9.72tn (USD419mn) with the winning ratio falling to 51.2% from 72.3% in February. As of the end of Q1 2020, the Vietnam State Treasury (VST) issued VND33tn (USD1.42bn), achieving 55% - 66% of the Q1 issuance plan.