Vietnam Stock Market Maintains Upward Trend - VN-Index Surges Over 14 Points, Foreign Investors Net Buyers

At the close of trading on August 4th, Vietnam's main stock index, the VN-Index, rose by 14.39 points (0.82%) to reach 1,777.23 points. The market breadth on the Ho Chi Minh Stock Exchange (HoSE) remained positive, with 165 stocks advancing, 139 declining, and 53 remaining unchanged. This upward movement was supported by continuous net buying from foreign investors, indicating confidence in the Vietnamese stock market. In the preceding days, on August 3rd, the VN-Index had surged by 27.06 points, with foreign investors recording a net purchase of VND 1,057 billion on HoSE. Furthermore, on July 29th, the market experienced its second consecutive day of gains, surpassing the psychological resistance level of 1,700 points. On July 28th, the VN-Index increased by 11.61 points, and market liquidity also grew, confirming that the market is maintaining strong momentum overall. Vietnam's economy has achieved remarkable growth in recent years, transitioning from a centrally planned economy under a one-party system to a market economy. Economic growth, particularly driven by manufacturing and exports, attracts both domestic and international investment. However, while closely linked economically to China, Vietnam also faces geopolitical risks, which could influence market dynamics.