Shares hit a fresh peak on Monday as strong buying force bolstered market sentiment.
Shares settled higher on Wednesday, reversed morning course on recoveries of materials and banking stocks.
Vietnamese shares are forecast to encounter sharp volatility in the short-term as the market shows signs of correction after three consecutive weeks of gains, analysts said.
On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index rose 0.11 per cent to 1,163.10 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.