The market liquidity remained above the average level. Domestically, the central bank of Việt Nam also announced Friday to trim operating interest rates, the fourth cut this year. Nevertheless, as the stock market will usually react early, SHS expects the market to shift to a positive movement when investor sentiment gradually improves. It is forecast that in the coming weeks, the interest rates will be lowered, including deposit interest rates, lending rates and interbank rates with a reduction of approximately 50 basis points depending on the term. For the financial market, the rapid decrease in interest rates is expected to shift cash flows from deposit investment channels to riskier investment channels like the stock market, according to VCBS.

Source: Viet Nam News June 19, 2023 00:40 UTC