At the opening of the trading session on the morning of June 24, the VN-Index fell sharply, losing 21 points to 1,260 points by nearly 11 a.m.

Even though the market liquidity is on par with regional markets like Indonesia, Malaysia and Singapore, Vietnam’s stock market remains in frontier status.

Technology and telecommunications stocks have witnessed remarkable growth since the beginning of 2024, while maintaining high price-to-earnings (P/E) valuations.

The shares of billionaire Tran Dinh Long's company have risen sharply, increasing the assets of the steel tycoon to US$2.7 billion and ranking him 3rd among the richest individuals in Vietnam.

The VN-Index made a surprising leap on June 12, closing the session up by nearly 16 points and surpassing the 1,300-point threshold for the first time in two years.

The announcement of the arrest of General Director Phan Pham Ha has triggered a significant sell-off of VEA shares by foreign investors, resulting in a sharp decline in stock prices for Vietnam Engine and Agricultural Machinery Corporation (VEAM).

Vietnam’s stock market capitalization had amounted to VND6.93 quadrillion by late last month, equivalent to 68% of the country’s GDP, according to the Ministry of Finance.

The rapid development of the Vietnamese stock market has also led to increased risks, including non-traditional security challenges like transnational or high-tech crimes, which can have a widespread impact on stock market operations.

The VN-Index continued its decline, accompanied by significant net selling by foreign investors throughout the past week, indicating persistent pessimism in the market.

The Vietnam Stock Exchange (VNX), the parent company of the Hochiminh Stock Exchange and the Hanoi Stock Exchange, has published its audited consolidated financial statement for 2023, with profit put at close to VND2 trillion.

Taiwanese and Korean capital flowing through ETFs into Việt Nam experienced a positive surge, according to data from FiinTrade.

Vietnam witnessed the addition of 110,761 new securities accounts in April, bringing the total number of domestic securities accounts to over 7.7 million, according to data provided by the Vietnam Securities Depository (VSD).

Due to the impact of COVID-19, Việt Nam’s GDP growth rate reached a low point in the first quarter of 2023 at 3.4 per cent but has shown robust growth in recent quarters.

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).

Last week’s recovery is viewed as a technical rebound following a recent sharp and significant decline. As a result, a potential correction scenario for the VN-Index cannot be ruled out.

The KRX system has not undergone a comprehensive acceptance review involving investors, contractors and beneficiary units.

On April 30, securities companies will conduct the transition test. The trading date on the new KRX system is May 2. The trading data will be based on the end-of-day data from April 26.

In the first-quarter report, KB Vietnam Securities (KBSV) estimated that the new system would boost the average daily trading value of the VN-Index by 30-70 per cent compared to the recent five-year average liquidity.

The market is likely to continue recovering to the area of 1,280-1,300 points, but a risk of strong fluctuations remains as cash flows stay weak, said experts.

The age-old concept "the customer is king" is becoming more visible in the Vietnamese stock market, where more and more securities firms are aggressively lowering or even eliminating transaction fees to attract and retain customers.