Documents show Vietnam plans to establish a stability fund and boost the stock market that has been hit hard by using internet celebrities as influencers.

Documents show that after the Vietnam stock market suffered a sharp decline due to the Iran conflict, the country is planning to introduce measures to stabilize the stock market, including proposing the establishment of a government-supported market stabilization fund. Other potential measures listed in a proposal submitted by the Vietnamese Ministry of Public Security to Prime Minister Pham Minh Chinh on March 17 include encouraging companies to buy back stocks, setting daily price limits, and leveraging internet celebrities to promote positive public opinion. The documents state that these proposals are in response to the 6.5% plunge of the Vietnamese benchmark stock index VNINDEX on March 9. Another document shows that the Prime Minister's Office instructed the Ministry of Finance and the central bank to implement the above suggestions on March 25. However, it is currently unclear to what extent these suggestions will ultimately be implemented.