Vietnam’s stock market is showing promise with recent reforms and growing foreign investor interest, but unlocking its full potential will require addressing structural challenges.

Market breadth remained negative, with 184 stocks declining, 143 advancing and 44 unchanged. Liquidity surged to VNĐ15.9 trillion (approximately US$624.35 million), marking a 29.2 per cent increase compared to the previous session.

Market breadth leaned positive, with 209 advancing stocks surpassing 112 decliners. Trading liquidity on the southern bourse slightly decreased to approximately VNĐ12.8 trillion (US$482.7 million), with nearly 494.7 million shares changing hands.

Vietnam is one of the fastest-growing economies in the world, yet its stock market has been struggling for years, with the benchmark VN-Index hovering around 1,200 points.

The Hà Nội Stock Exchange has announced that on December 26, it will hold an auction to divest a block of Thăng Long JSC shares owned by State Capital Investment Corporation, with a starting price of over VNĐ222.6 billion (US$8.7 million).

The VN-Index remained largely sideways during the first three sessions of the week, facing significant selling pressure on Thursday (December 19), while staging a modest recovery in the final trading session.

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.

Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.

However, foreign capital continued to flow out of the market, with a total net selling value of nearly VNĐ50.4 billion on the two main exchanges.

Market breadth was negative - 163 stocks declined, 138 advanced and 61 remained unchanged.