Shares posted strong gains on the first trading day of the week thanks to a positive market forecast amid a stable macro-economic situation.

lthough there are many risks as the global economy is facing uncertainties, the Vietnamese stock market is supported by positive news from policies and orientations of the Government.

The market traded in different directions on the last trading of the week, with rising selling pressure weighing on investors' sentiment.

Saigon Asset Management said it has signed up Sam Van, a US capital market expert and former director of international listing at the New York Stock Exchange, to assist local companies seeking to raise capital or list in the US.

Shares settled higher on Thursday, boosted mainly by banking stocks while foreign investors continued to run away from the market.

The rally in Vietnamese stocks still has a long way to go, with the consensus expecting the VN-Index to increase by over 20 per cent this year, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a recent report.

Shares rebounded on Wednesday after four consecutive falling sessions, led by banks. Liquidity also increased, showing improved investors’ sentiment.