The Ministry of Finance (MOF) just announced the extension of Circular 14/2020/TT-BTC issued on March 18, 2020 for another six months to cut fees for fifteen securities services, the State Security Commission of Viet Nam said.

Vietnamese shares ended on a positive note on Tuesday morning but in the afternoon session Ho Chi Minh Stock Exchange shut down due to high transaction value affecting system safety.

The market liquidity at HoSE this morning session exceeded VND21.7 trillion (US$944.8 million), triggering the system alarm.

Stock market prospects are rosy this year, propelled by strong corporate earnings and capital raising. Hoang Viet Phuong, head of Research at SSI Securities, discussed the major themes for bank and property-related stocks, which are the two largest sectors in the domestic equity landscape.

The Hochiminh Stock Exchange (HoSE) has suspended all trading activities from this afternoon, June 1, as the liquidity on the bourse surged, posing a high risk to the system’s security.

Bank stock prices have witnessed a dramatic increase since the end of March after plenty of banks announced positive first-quarter business results, as well as news on rising mergers and acquisitions (M&A).

A buoyant banking sector drove Vietnamese stocks higher on Monday, soothing the sentiment of sceptical traders during morning declines.

Vietnamese stocks gave up initial gains on Monday morning as investors booked profits in large-cap stocks.

The market witnessed strong buying interest last week and analysts from many securities firms expect indices to continue to hit new highs, but have warned investors to be cautious.