Foreign investors have been net buyers so far this month -- a first since January -- amid a stable currency.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 2.84 per cent to end at 856.13 points.

 Shares recovered on Tuesday morning from a sharp drop as investors found value in beaten-down stocks.

Shares suffered a steep fall on Monday as fears mounted that the global coronavirus pandemic could return in a second wave of infections.

The Ministry of Finance has proposed that the State Bank of Vietnam (SBV) increase credit limits for the securities industry and allow the listing of foreign-invested enterprises on the stock market. Increasing the credit limit for securities will help increase purchasing power and bolster the market.

Local shares slid on Monday morning as blue chips declined on increasing cautious market sentiment.

The Vietnamese stock market is forecast to struggle this week with rising caution among investors as they wait for the market to reach its balance point.

Vietnamese shares pared losses on Friday as some blue chips recovered on bargain hunting power.

Local shares fell further on Friday morning with high trading liquidity amid strong selling pressure.

Strong selling pressure drove the local stock market down steeply yesterday, June 11, with both the VN-Index and HNX-Index losing nearly 4%.