A buoyant banking sector drove Vietnamese stocks higher on Tuesday morning session.

Shares inched higher on Monday, backed by gains in pillar stocks as investors’ risk appetite remained high.

Investors remained cautious due to the current serious Covid-19 situation.

Market experts forecast that foreign investors will undertake strong net buying in the fourth quarter of this year to prepare for next year’s economic recovery after large-scale immunisation campaigns.

The stock market gained for three straight sessions before the National Day holiday, which was different from the previous holidays when investors tended to take profits causing the market to fall or move sideways. Analysts said that investors’ sentiment is quite optimistic and the market is on a short-term uptrend.