Viet Nam's stock market finished higher on Monday, but foreign investors kept fleeing from the market.

The market rose slightly on Monday morning as many big stocks faced selling pressure.

The entry of the FPT Company last week revealed an unprecedented new solution to the problem of congestion on the trading system on HoSE. So far, when looking at various options and solutions, the setting up of a temporary trading system by a private entity for HoSE had not been taken into account or even considered.

Market analysts and experts forecast the market will advance this week but will encounter correcting pressure when the VN-Index enters the strong resistance zone of 1,180-1,200 points.

Vietnamese stock markets experienced a choppy trading session on Friday as shares encountered correcting pressure with sharper divergence among stocks.

Even though the stock market has been vibrant and booming, investors are choosing to ignore and overlook many stocks, despite their value. Investors are seemingly aware that these stocks are more or less defunct, having almost no liquidity to back them up.

The VN-Index extended gains on Thursday, adding 1 per cent to close trading at 1,181.73 points, propped up by banking and securities shares.

The Vietnam Association of Finance Investors (VAFI) suggested to select a foreign stock exchange as a strategic shareholder that is responsible for transferring management technologies and training human resources.

A successful listing would further boost the financial foundation of Vietnamese lenders, which might explain the recent rush of banks tapping public funds, switching exchanges, or tying the knot with other suitors.