Vietnam Money Market – May 2024

Posted:04/06/2024

  • Interbank rates surged to 4.9% then slid to 3.2% by end-May.
  • Deposit interest rates have indicated a more distinct upward movement, and we anticipate a rise of 70-100bps in the latter part of 2024.
  • We expect the pressure on VND to ease toward year-end following the State bank’s efforts and FED’s possibility of rate cuts.
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