(VOVWORLD) - Vietnam’s benchmark VN-Index has surged more than 34 percent in the first half of this year, marking the highest increase in the world, VnExpress reported.
 An investor uses a smartphone app to trade at a brokerage in Ho Chi Minh City. (Photo: VnExpress/Quynh Tran) |
Abu Dhabi was second, followed by Austria, according to China-based stock database StockQ.
With an increase in five consecutive sessions in the past week, Vietnam ranked third among the most active stock markets in the past week after Argentina and Hungary, the Chinese stock database said.
Abundant cash flow, constantly increasing number of new investors and immediate measures to reduce congestion has propelled the stock market.
The number of new investors entering the stock market in May scaled a new monthly record, with over 113,000 new trading accounts opened.
The VN-Index's continuous growth has broken most forecasts made by domestic securities companies.