Vietnam's stock market has entered a phase of notable fluctuations following its recent ascent to a historic peak, driven by rising profit-taking pressures.

The number of newly opened securities accounts in Vietnam saw a substantial increase last month, reversing the previous decline in April, according to the Vietnam Securities Depository and Clearing Corporation.

The stock market inched higher on February 15 after a week closed due to Tet holiday, buoyed by gains in bank stocks.

Nguyen Hanh Phuc, former general secretary of the National Assembly (NA), has been elected board chairman of Vietnam Dairy Products Joint Stock Company (Vinamilk/VNM) for the 2022-2026 tenure, replacing Le Thi Bang Tam.

Dr. Nguyen Tri Hieu, financial and banking expert, warned that the increasing tensions between Russia and Ukraine would negatively affect Vietnam’s stock market.

Vietnam's benchmark stock market index (VN-Index) hit a new record high on January 6 morning session after rising 6.07% to reach 1,528.57 points.

Vietnam's benchmark stock market index (VN-Index) hit a fresh record high on January 4 morning session after rising 19.67 points, reaching 1,517.95 points, much higher than the previous peak of 1.500 points.

A number of bluechips became the cash magnets and helped the VN-Index of the Ho Chi Minh City Stock Exchange reach a new high of 1,410.04 points on June 29.