HANOI - Vietnam's State Treasury will offer two-year and five-year bonds to raise VND1 trillion (US$54.1 million) this week, the Hanoi stock exchange said on Tuesday.

The exchange will sell the government bonds on Thursday to raise VND500 billion ($27.07 million) in two-year debt and another VND500 billion in five-year bonds, it said.

At its last auction, on Jan. 21, the State Treasury offered VND500 billion of bonds but sold just VND2 billion ($108,283) of five-year debt, the exchange said.

The government wants to sell bonds worth VND66 trillion ($3.57 billion) this year, up 22 percent from the estimated proceeds raised in 2009, to help fund its budget deficit.

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