Vietnam stock market recorded a seventh consecutive month with the number of new securities accounts exceeding the 100,000-mark.

Investors remained cautious due to the current serious Covid-19 situation.

Investors have been more cautious against the backdrop of the global economy on the downside and Vn-Index’s unsuccessful attempts to surpass the 1,380-mark.

Credit demand has been on the rise in the first half of the year and is set to maintain its growth momentum for the second six months.

A 0% deposit rate amid a high inflation rate would turn people away from banks and look for other investment channels such as real estate, securities, or gold with higher risks, stated an expert.

Local investors continued to dominate the market as their foreign peers remained net-sellers for the 10th consecutive trading session.

The participation individual investors and margin expansion in upcoming times from share issuance of securities firms are serving as key driving forces to boost market growth.

The new agreement will help cut short processing time for listed firms and prevent disruption to trading activities.

Local investors remain the driving force for the stock market to surpass the 1,200-mark in the coming time.