Vn-Index

The decision, which is set to take effect from May 7 to December 31, is among the ministry's measures to support enterprises and individuals affected by the Covid-19 pandemic.

The gauge, which has been in a bear market since 2018, is trading at about 11 times estimated earnings for the next year, less than the five-year average of 14 times.

Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.

The positive signal during today’s trade was even the appearance of bottom-fishing demand that helped the VN-Index rebound from its intraday low

The head of Vietnam's stock market watchdog urged players to trust the internal strengths of the economy and the resilience of Vietnam’s stock market.

The decline was stronger than a 5.89% tumble in May 2014 when China started a territorial spat with Vietnam.

It is expected the Vietnamese stock market will be less volatile in March compared to the previous months.

If penetrating through resistance zone of 940- 943, the index will head toward 960-970 points in the short term, said a brokerage firm.

Good liquidity accompanied steep losses in recent days, and steep falls in the market prompted buying.

Vietnam’s stock market over the last few days has gradually recovered and rebounded, said Vice Minister of Finance Vu Thi Mai.