The government will sell VND500 billion each of securities maturing in two-, three- and five-years, according to a statement from the Ministry of Finance. Vietnam plans to select underwriters for the offer on Jan. 13, Pham Ngoc Dinh, head of the capital mobilization department at the State Treasury, said Monday from Hanoi.

“They will be underwritten notes,” Dinh said, without providing further details. The Treasury Monday also auctioned VND1 trillion of 364-day bills, according to Dinh. The results aren’t yet available.

The government sold VND33 trillion of local-currency securities in 2009, falling short of a plan to raise VND100 trillion from bond offerings, Nguyen Ngoc Anh, deputy director general of banking and finance at the finance ministry, said last month.

The yield on the benchmark five-year bonds rose 35 basis points today to 12.15 percent, the highest level since November 2008, according to a daily fixing price from banks compiled by Bloomberg. A basis point is 0.01 percentage point.