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Why does Vietnam struggle to cut interest rates despite its $410bn stock market?

Tuoi Tre NewsVietnam

Why does Vietnam struggle to cut interest rates despite its $410bn stock market?

Vietnam's heavy reliance on bank loans is putting pressure on banks' funds and pushing up interest rates. With outstanding loans already equal to 145 percent of GDP, experts say the country needs to make better use of its growing VND10.7 quadrillion (US$410 billion) stock market to help businesses raise capital.

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