Viet Nam's stock market finished higher on Wednesday as a recovery of bank stocks supported the market.

The market fell on Wednesday morning as the rebound of many big bank stocks could only pare some losses.

The new agreement will help cut short processing time for listed firms and prevent disruption to trading activities.

Shares advanced on the Ha Noi Stock Exchange but slipped on HCM City’s bourse on Tuesday, partly due to continued congestion on the southern bourse’s system.

The market was pressured on Tuesday morning as selling pressure persisted on blue-chip stocks.

The ongoing congestion on the floors during trading in the stock markets in Vietnam, especially HoSE, is preventing investors from selling off quickly. This has led to loss in credibility for Vietnam's stock market in the eyes of foreign investors, and huge losses for many investors.

The overload technical issues of the Ho Chi Minh City Stock Exchange have been a subject of controversy over the past few weeks, with the blame being attributed to poor management and incompetence of an age-old technology. But what will be the way out?