Việt Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.
The VN-Index stepped down from a three-day increase of a total 1.97 per cent between June 18 and June 22.
Of the new 100,000 accounts, 31,900 were opened in March and 36,700 were opened in April.
The recent interest rate cuts by the State Bank of Việt Nam (SBV) have little impact on the Vietnamese stock market.
COVID-19 has been deemed a catalyst for investors to take the 'China plus one' strategy into more significant consideration and the trend of shifting manufacturing bases to Việt Nam has recently picked up pace.