The stock market closed Friday with a slight gain, marking its fourth consecutive session of increases, while foreign investors scaled back their net selling.

The Ministry of Finance (MoF) has removed the pre-funding requirement for foreign investors before placing orders. This significant change marks a major milestone in the process of upgrading Việt Nam’s stock market from a frontier market to an emerging one.

The stock market extended its positive momentum as numerous stocks posted significant gains, with the VN-Index rising for the third day in a row.

Starting November 2, foreign investors will no longer be required to pre-fund 100% of their transactions, promising the removal of a major roadblock for Vietnam's market upgrade process.

Vietnamese markets continued their upward trend, closing higher on Wednesday as foreign investors net bought for the third consecutive day.