The profit growth of listed companies is forecast to cool down in 2023 but experts say there are still many positive factors to support the market in the near future.

The stock market settled up on Thursday, boosted by positive sentiment and inflows of foreign capital.

Shares diverged on Wednesday as the rising selling force after the previous session's increase weighed on the market. However, benchmark indices still closed higher.

The stock market finished higher on the first trading day of the new year, boosted by bullish sentiment with many blue-chip and large-cap stocks hitting the maximum intraday gain.

Vietnam’s stock market will bounce back strongly and develop in both quantity and quality in 2023 to remain an effective capital mobilisation channel for the economy, an official has said.

Deputy Minister of Finance Nguyen Duc Chi has laid out the key tasks for the securities sector this year.

The stock market decreased on Friday due to the increased profit-taking pressure in the face of the year-end holidays.

Vietnam’s stock market will be subject to unpredictability in both the global and local economies in 2023, prompting investors to seek safe-haven stocks.

After 2022, the stock market will move toward sustainable development, Deputy Finance Minister Nguyen Duc Chi said at a conference held by the State Securities Commission (SSC) to review the Vietnamese stock market in 2022 and deploy tasks for 2023.