The Vietnamese stock market marked a significant turning point after a prior correction phase, with a remarkable recovery in the past trading week.

A new legal framework is set to enhance foreign investor access to Vietnam’s securities market, improve liquidity, and support a potential upgrade to emerging market status.

Three of Việt Nam's 'Big Four' banks - Vietcombank (VCB), BIDV (BID) and VietinBank (CTG) - are currently ranked among the top five companies with the largest market capitalisation on the Vietnamese stock exchange.

The stock market extended its winning streak on Friday, with the VN-Index recording its fourth consecutive gain, although foreign investors returned to net selling.

The State Securities Commission (SSC) has imposed administrative penalties on two companies and one individual for financial misconducts and illegal stock purchases.

The stock market continued its upward trend on Thursday, with improving liquidity and strong net buying from foreign investors.

Việt Nam has been on the watchlist since September 2018, with a potential reclassification to emerging market status. However, the market still falls short of certain criteria, particularly regarding its 'Settlement Cycle', which is currently rated as 'Restricted' due to the pre-funding requirement that mandates available cash before a trade is executed.