Vietnamese stocks continued to add value at the closing of the final trading session before the beginning of the nine-day national Tet holiday.

A spate of listed companies, mostly blue chips, reported profit growth for the last fiscal year.

Companies, including Refrigeration Electrical Engineering (REE), the Masan Group (MSN), Tan Tao Investment (ITA), PetroVietnam Drilling Services (PVD) and PetroVietnam General Services (PET) announced profit growth of between 9 and 100 percent, ranging from 159 billion VND (7.5 million USD) to 3.12 trillion VND (146.5 million USD).

Pha Lai Thermalpower (PPC), reported a strong profit of 1 trillion VND (46.9 million USD), despite its profit having dropped 36 percent.

On the HCM Stock Exchange, the VN-Index gained 0.44 percent to close at 587.24 points.

The total market turnover touched 1.2 trillion VND (56.3 million USD) on a volume of over 73.8 million shares.

Blue chips, particularly the 30 biggest stocks in terms of capitalisation and liquidity, helped the VN30 Index rise by 0.63 percent to 617.20 points.

Of these 30 stocks, the advancers outnumbered the decliners by 19 to 7.

Property developer FLC Group (FLC) was still the most active code with more than 7.7 million shares changing hands. It rose 1.8 percent.

On the Hanoi Stock Exchange, the HNX-Index closed at 85.26 points, up 0.65 percent.

Its liquidity was pegged at 403.3 billion VND (18.9 million USD) and 32.16 million shares.

The HNX30, comprising of the northern bourse's 30 stocks, rose slightly by 0.54 percent to close at 165.18 points.-VNA