Minister of Finance Ho Duc Phoc had assigned Deputy Finance Minister Nguyen Duc Chi to take charge of the State Securities Commission (SSC) from May 19.

Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said on Saturday, as the country intensifies a long-running crackdown on officials it accuses of graft.

The sell-off in the Vietnamese stock markets has been consistent with what has been occurring in global markets, though selling pressure was exacerbated by many new retail investors dealing with margin calls for the first time and a crackdown on firms that borrowed money to buy stocks.

At the Annual General Meeting of Shareholders, it was decided that all banks would issue billions of additional shares to pay for dividends in 2022. This decision will inadvertently put pressure on bank stocks.

The market reversed the downward trend in the morning to end slightly higher in a late-session rally on Thursday.

The surge of several leading stocks is deemed as a driving force for Vietnam's stock market achieving the world's strongest gains, with clear signs of cash flows pouring into leading stocks at attractive prices.

Indices fell on Thursday morning, as selling pressure was overweighed by demands for risky assets.

The market was mixed on Wednesday, with the VN-Index extending gains as investors' sentiment continued to improve.

The stock authorities would provide information on the proprietary trading of securities companies for each ticker.