The VN-Index recovered the 1,335-point mark despite early pressure from large-cap declines, while liquidity eased slightly and foreign investors continued to sell, albeit at a reduced pace.
According to analysts, a decisive breakout will require stronger fundamental catalysts, especially as profit-taking pressure lingers and foreign investors continue to sell.
Many experts believe that in order to sustainably stabilise the domestic gold market, it is necessary to realise the requirement of eliminating the monopoly of gold bars, as directed recently by the General Secretary Tô Lâm.
At the close of trading on the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index edged down a marginal 0.01 point, remaining almost unchanged at 1,341.86 points compared to the previous session.
Party General Secretary Tô Lâm requested that the State''s monopoly on gold bullion branding should be dismantled in a controlled way, with the principle that the government retains oversight of bullion production.
Persistent issues, including market manipulation, price speculation, and significant discrepancies between domestic and international prices, and gold smuggling continue to pose problems.
The ASEAN region''s growing demand, combined with geographic proximity that reduces transportation costs, s a substantial competitive edge for Vietnamese enterprises.