Impacted by profit-taking, the Vietnam stock market records its largest decline in three weeks.

The Vietnam benchmark index fell 2.6% at one point, marking the largest drop since July 29th. Analysts point out that profit-taking may be occurring after a recent strong rally. Vietnam Prosperity JSC Bank, Techcombank, and Vinhomes are the main drag on the index. According to Nguyen Anh Duc, head of institutional brokerage at SBB Securities, some retail investors are taking profits, especially those with margin loans. "Investors anticipate that this rally may have ended, and the index may enter a consolidation phase in the next few weeks before forming a new rally. This is a normal pullback after a significant uptrend." This year, the VN index has surged over 30%, supported by optimism from a trade agreement reached with the United States and the prospect of market upgrades later in the year.