Vietnamese shares tumbled on Thursday morning, dragged down by negative investor confidence after global markets were rocked by a sell-off in US stocks.
Domestic investors reacted positively on Thursday to the US Federal Reserve’s decision to hike the benchmark interest rate by a quarter percentage points.
The director of a bank in HCM City says lenders have no plans as of now to increase loan interest rates, though they find it difficult to cut capital costs since deposit interest rates are tending to increase.
Vietnamese shares rose this morning, despite the United States Federal
Reserve''s decision to raise the key interest rate from the 0-0.25 per
cent range to the 0.25-0.5 per cent range.