July witnessed a remarkable surge in the opening of new individual securities accounts, tripling the amount from the previous month and setting a record high for the past two years.

Vietnam's stock market continues to show resiliency in 2024 with the VN-Index up about 10 per cent year-to-date, driven by an expected 19 per cent increase in 2024 earnings, and strong buying by local retail investors.

Benchmark indices extended gains on Wednesday, supported by strong rallies of Vin-family stocks, while foreign investors net sold a significant value of over VNĐ1.36 trillion (US$54.1 million) on the two main exchanges.

The Vietnam Stock Exchange (VNX) and the Singapore Exchange (SGX Group) on August 5 signed a Memorandum of Understanding (MoU) on boosting their communication channels to promote their relations and serve the interests of the Vietnamese and Singaporean stock markets.

The stock market started the new week with extreme volatility, as the VN-Index suffered its steepest decline since mid-April, while trading volume surged compared to the previous session.

The two sides will focus on cooperation in digital transformation, cybersecurity, tax management, and market operations.

The Ho Chi Minh City Stock Exchange (HoSE) lost nearly VND200 trillion (US$8 billion) in market capitalization amid a stock market crash on Monday.