The market rose on Wednesday morning, helped by bank stocks, but losses in many large-cap stocks in other sectors limited the gains.

Capital market development helps State-owned enterprises (SOEs) enhance the transparency of corporate governance, thereby promoting transaction volume on the market and increasing liquidity for state shareholders, an official has said.

Shares ended higher on Tuesday on local investors' buying force, while foreign investors continued to flee from the stock market.

The market closed mixed on Tuesday morning with the VN-Index breaching the 1,300 point-level, while the HNX-Index fell slightly.

The rising of domestic capital flow would boost the local market's resilience against external shock and ensure sustainable growth.

Viet Nam's stock market opened Monday on a positive note, heading to new historic high of 1,300 points. Meanwhile, foreign investors still fled the market with a total net sell value of nearly VND668 billion.

Many people are expressing concerns over the recent movements in the stock market, and the possibility that the market is becoming more dependent on capital flow of individual investors who seem to have switched from savings to securities. The fact is that the stock market is actually receiving a steady stream of capital from several banks.

The stock market edged higher on Monday morning, boosted by gains in large-cap stocks.