In Vietnam, May saw a resurgence in the number of new securities accounts, with 132,010 opened, predominantly by domestic investors, according to the Vietnam Securities Depository and Clearing Corporation. This was a recovery from April, although still lower than March’s 163,621 accounts. Retail investors opened 131,839 of these accounts, with institutional investors adding 171, and foreign investors opening 210 accounts. The stock market indices also experienced growth: the VN-Index increased by 5.9%, the HNX-Index by 8.9%, and the UPCoM-Index by 7.2%. Despite these gains, market liquidity remained low, reflecting investor caution amid rising exchange rates and interest rates. Trading volumes showed a mix of declines from the previous month and significant annual increases.