The Ministry of Finance is set to announce the final draft of a circular related to the upgrade of Vietnam's stock market and operate the Korea Exchange (KRX) system this week.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has reported an impressive pre-tax profit of 17.3 trillion VND (740.1 million USD) in the first half of 2022.

The State Securities Commission (SSC) has said it will intensify the monitoring of the stock market to promptly detect suspicious transactions in the remaining months of the year.

The Vietnam News Agency talks with Minister of Finance Ho Duc Phoc about recent developments in Vietnam's stock market and his ministry's response to such events.

The stock trading system from the Republic of Korea, known as KRX, will be officially put into operation at the end of this year after a six-month trial run.

The increase in Vietnam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.

Foreign investors traded 31 million shares worth 912 billion VND (39.4 million USD) on the Unlisted Public Company Market (UPCoM) in April, with purchases dwarfing sales.

Shares dropped on both Vietnamese markets on the first trading day of the week, following the uneasy global market climate.

Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.

Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said.

Vietnam aims to make the size of its stock market equal to 100 percent and 120 percent of the gross domestic product (GDP) in 2020 and 2025, respectively.

Prime Minister Nguyen Xuan Phuc highlighted a bright outlook for Vietnam’s economy while opening a stock trading session after the Lunar New Year holiday in Hanoi on February 12.

The Vietnam Stock Exchange (VSE) will be set up with a view to unifying the stock market and ensuring efficient, fair, open and transparent activities on the market.

The surge of some large-cap stocks on the afternoon of November 26 helped the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) recover.

Vietnamese shares ended in the red on October 15 as widespread selling pressure hit many large-cap stocks on the day.

Selling pressure increased at the end of October 10's trading session while purchasing demand was not enough to save indices from falling.

The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18, with 223.9 million shares worth over 4.9 trillion VND (211 million USD) traded.

The VN-Index slumped sharply to under 900 points on July 5, with falls seen in the majority of stock codes.

The VN-Index of the southern bourse ended the first session of the week on June 25 up 7.35 points to 990.52 points.