This is according to Standard Chartered Bank in its global economic forecast for the end of the year 2019.
According to the report, the bank stated that the State Bank's recent interest rate cut of 0.25 percentage points was a proactive move in the context of Vietnam promoting growth with exports as the main driver. In the short term, the cut in interest rates will not have much impact on credit growth and borrowing costs; liquidity in the domestic market continues to be plentiful and overnight borrowing costs are at their lowest level in the year.
