VCSC Daily - Rally continues as sentiment improves

Investors’ sentiment was boosted as Vietnam ranked 7th among the twelve best countries for long-term growth on CNBC. Sentiment also improved as investors expect more banks to join the race to cut lending rates. More news reports talked about BIDV, VCB, and CTG reducing their lending rates by 50bps for premier clients. Though we have yet to see significant, across the board declines in lending rates, investors are looking forward to rates dropping further.