toggle icon
logo text
logo symbol
toggle icon
Back

VCSC Daily - Markets pull back, foreigners buy bank stocks

Market Commentary

16 Jul 2012

SBV formalises request to lower lending rates. After last Friday’s strong rally, both indices pulled back to start the week. Over the weekend, the SBV issued Document 198, formalising Mr. Binh’s request to commercial banks to lower lending rates on existing loans to below 15%. Yet concerns of lower earnings did not scare off investors from the banking stocks.

Contact us for a research access: (+84) 2 8888 2 6868

/trung-tam-phan-tich