The VN-Index set an all-time high record recently, reaching over 1,230 points and daily liquidity totaling around $1 billion.

Vietnam's stock market edged lower on Tuesday as selling pressure reappeared in many sectors.

Shares are forecast to go up this week, propelled by foreign net buying and positive first-quarter business results from listed companies. 

Strong involvement of individual investors and participation of new foreign fund would help offset the net selling trend of foreign investors.

The market closed higher on Monday as a series of banking and real estate stocks surged, propelling the indices.

Vietnam’s stock market suffered its sharpest drop in history on January 28 as a result of panic selling after new community transmissions of the coronavirus were reported.

Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points.

The stock market ended 2020 with diverse notes, from the selloff in Q1 which sent the VN-Index down to 660 points, the lowest in four years, to the recovery and strong rally, especially in Q4.

The fact that interest rates are still very low, will help the local stock markets continue to be an attractive and profitable channel, thereby attracting domestic investor.

Prime Minister Nguyen Xuan Phuc has signed Decision 37/2020/QD-TTg on the establishment of the Vietnam Stock Exchange (VNX), with the aim of unifying the stock market and ensuring efficient, fair, open and transparent activities.

The Vietnamese stock market can surprise investors with a “big year” returns during the 2020-24 period.

The Vietnamese stock market is forecast to maintain an upward trend this week on upbeat investor sentiment, after seven consecutive gaining weeks of the market with increased liquidity.

The Vietnamese stock market climbed to its 32-month high last week and the rally may keep going in the coming week.

The Vietnamese stock market has flourished amid global uncertainties due to the COVID-19 pandemic, said Tran Van Dung, Chairman of the State Securities Commission (SSC).

Although Vietnam's stock market has experienced five consecutive weeks of gains with record-high liquidity, analysts said investors’ caution and the uptrend would weaken as the VN-Index approaches the resistance level of 1,030 points.

Vietnam’s benchmark VN-Index climbed to a 10-month high last week and the market rally will keep on going, experts and securities firms forecast.

The VN-Index edged up 2% month-on-month in October to finish at 925.47 and was among the best-performers in the world.

Vietnam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic.

Investment funds involved in Vietnam’s equity market reported positive growth in net asset value (NAV) in August due to a stock market upturn.

If serious turbulence is caused by large-scale sell-offs and considered a threat to the security of the equity market, the Ministry of Finance will have to switch the market off.