The increase could be attributed to activities to draw foreign investment into Vietnam, including promotions in major foreign markets such as the US, the UK, Japan and the Republic of Korea.

According to the State Securities Commission of Vietnam, such programmes have created an official channel promoting Vietnam’s capital market to foreign firms and investment community, turning the country’s stock market into an attractive destination for foreign investors.

Market capitalisation in late September exceeded 302 billion USD, equivalent to 109 percent of the gross domestic product.

The Commission said it believed that the stock market will keep hitting new record highs because of rising capital flows, notably net buying by foreign investors./.