Tran Hoang Son, Market Strategy Director of VPBankS, gave positive forecast at a workshop themed ‘Stock market foundation, accumulation, and acceleration’ held by Dau Tu newspaper on March 5. The stock market is destination for cash flow when commercial banks all offer low interest rates for dong deposits. After a period of tightening, the US FED has stopped raising prime interest rates and may ease interest rates in 2024. According to Trang, the government’s timely policies on supporting the corporate bond market and real estate markets have helped the stock market. The State Bank of Vietnam (SBV) has cut operating interest rates to pave the way for commercial banks to further ease interest rates.

Source: VietNamNet News March 08, 2024 16:12 UTC