Concerns have been raised about tightened margin lending policies by securities firms, but low interest rates and strong buying power from domestic investors may help offset those worries.

Brokerages are forecasting shares to climb higher this week, adding that the market will correct first before advancing to the next support zone.

Despite the positive outlook of the Vietnamese economy in 2020 and years to come, foreign investors have remained net sellers for most of the time this year.

Vietnamese shares advanced on Friday on the back of gains in numerous blue-chip stocks.

Vietnamese shares tumbled on Thursday as worries about the trading system triggered a market-wide sell-off, bringing local assets to cheaper prices.

With further support from the State Securities Commission of Vietnam, the asset and wealth management is expected to continue its strong growth in the future.

Shares declined on Thursday morning with strong fluctuation right from the beginning of trading, large-caps were weighed down.

Capital from marginal funds of MSCI has begun to flow into the stock market in Vietnam, but it is not enough to change the movement correlation in general in the overall market.

Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021, which would require two-year listing on UpCom before a public company could go to official bourses.

The Vietnamese stock market can surprise investors with a “big year” returns during the 2020-24 period.