Vietnamese shares trimmed losses in late trade on Friday as strong buying force returned to the market, helping revive investor appetite after a sell-off earlier the day.

The stock market is the driving force for listed companies to strongly issue shares to increase capital. However, it is when unprofitable listed companies scramble to issue volumes of shares that the market becomes susceptible to facing many risks.

Vietnam’s stock market capitalization on the Ho Chi Minh Stock Exchange (HoSE) as of March 31 increased by 93.56 percent compared to a year ago, reaching more than VND4,460 trillion. The value was equivalent to about 70.95 percent of the country’s gross domestic product (GDP).

Vietnamese stocks struggled in volatile markets on Thursday with sentiment hit by increasing COVID-19 cases nationwide with the VN-Index failing to maintain its uptrend.