The market opened the new week on a positive note, with a number of stocks posting gains and with liquidity soaring.

The General Department of Taxation has recently issued a directive urging the Tax Departments of provinces and centrally-controlled cities to strengthen the management of personal income tax of existing shareholders receiving stock dividends and payments in the form of bonus shares.

Recent positive developments in exchange rates and the price of oil have improved investor sentiment, with strong capital inflows into the domestic stock market driving benchmark indices higher, said insiders.

Foreign investors continued to sell stocks in April, but the value of net sales decreased by half. Notably, Taiwanese and Korean capital flowing through ETFs into Việt Nam experienced a positive surge, according to data from FiinTrade.

Benchmark indices extended gains on Friday, with the VN-Index crossing 1270 points, while many pig farming stocks rose sharply.

VNDirect is planning on buying shares in a company operating a string of famous culinary chains including King BBQ, ThaiExpress and Seoul Garden.

Vietnamese markets extended gains and ended higher on Wednesday, thanks largely to rises in banking stocks.