Many banks have announced their dividend payout plan in shares to raise capital and improve competitiveness amid the prolonged COVID-19 pandemic.
Market analysts and experts forecast the market will advance this week but will encounter correcting pressure when the VN-Index enters the strong resistance zone of 1,180-1,200 points.
Vietnamese stock markets ended Wednesday on a positive note, largely led by gains in financial shares and heavy-weight stocks.
The Vietnamese stock market may continue to advance during the two last trading days before the Tết (Lunar New Year) holiday but cash poured into the market is believed to decline and there might be a differentiation between flows.
Shares rebounded strongly on Tuesday as a series of large-cap stocks hit ceiling prices bolstered by continuous buying demand.