Vietnamese shares tumbled on Tuesday as the market was running out of supportive news and investors were bracing for results of international meetings.
Vietnamese shares made slight gains last week and the benchmark local index is expected to consolidate under the 1,000 point level before advancing, analysts said.
A number of listed companies have reported sharp increases in their quarterly profits as they have performed well in selling stakes in sub-units and projects.
Vietnamese shares started the third quarter on a positive note as expected as investors were upbeat on ratified trade deals and expectations for quarterly earnings reports.
Vietnamese shares pared early losses on Monday as oil and gas stocks moved higher to buoyed investor confidence from disappointing Q1 corporate earnings.