Regarding interest rates, deposit and lending rates will maintain a downward trend in the second half of the year. The average deposit interest rate of 12 months will decrease to 6.0-6.5 per cent per year by the end of 2023. Lending interest rates may decrease significantly in the second half of 2023 due to the capital cost of commercial banks decreasing, thanks to the State Bank cutting the operating interest rate in the first half of 2023. Regarding the stock market, the analysis team said that the cash flow into the market started to recover, showing that investors' confidence in the market is gradually improving. Lending interest rates will also decrease compared to the beginning of 2023 by 1 to 1.3 percentage points.

Source: Viet Nam News July 08, 2023 15:46 UTC