Vietnamese shares declined on Wednesday, dragged by market heavyweights as selling pressure increased significantly towards the closing minutes of trading.
Shares ended higher on Wednesday thanks to the growth of the banking stock group but liquidity remained at a low level as investors held back from making further purchases ahead of the Tết holiday.
Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).
Vietnamese shares on Tuesday reclaimed ground lost in the previous day's sharp sell-off as large-caps were picked up by bargain-hunters.
Vietnamese stocks logged their biggest daily drop since mid-January as losses in large-cap and financial securities stocks outweighed the boost from banking shares.
Regulations introduced in the draft Decree 153 on bond issuance may impede the growth of businesses, reducing their competitiveness compared to foreign rivals.