Vietnamese shares shrugged off difficulties to keep moving up on Wednesday morning while market sentiment remained upbeat.

The gauge, which has been in a bear market since 2018, is trading at about 11 times estimated earnings for the next year, less than the five-year average of 14 times.

Finland-headquartered fund PYN Elite, which is a shareholder of 70 Vietnamese listed firms – including high-profile names such as VietinBank, TPBank, and PAN Group – has reported its sixth consecutive month of loss. Last month saw VND2.451 trillion ($106.57 million) of the fund's value evaporating. Its deep losses followed a rough patch for the VN-Index.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.21 per cent to end at 767.41 points.

Vietnamese shares dropped on Tuesday morning as selling mounted to help investors realise their short-term profits.

Vietnamese securities market surprisingly rebound amidst the common dim prospect covering the other Asian stock markets.