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VCSC Daily - Clearer signs of lending rate reduction cheer up investors

Markets rebounded amid higher confidence on lower lending rates. At the same time that European and Asian stocks advanced on speculation of China stimulus to bolster its slowest quarterly growth rate since 2009, Vietnamese investors also rushed to chip in the risky assets after seeing signs that the SBV’s direction to all of commercial banks to lower the lending rates to 15% starting from 15 July has been formally put in place by commercial banks.