As announced on July 24, LDG Joint Stock Investment Company (HOSE: LDG) disclosed its inability to service principal and interest payments related to the LDGH2123002 bond package (HNX: LDG12101), which matures on December 10, 2023.
On August 4, Prime Minister Pham Minh Chinh, head of the National Steering Committee for the Implementation of Resolution No. 68-NQ/TW on private economic development, chaired the Committee's first meeting.
"The UOB experts' take on the high USD interest rates putting pressure on VND rates is an interesting perspective. In an optimistic scenario, a Fed rate cut and favorable market conditions could see VND rates drop further by 0.5-0.75% by the end of this year."