Hanoi, Oct. 22 -- Strong individual purchasing power has been the key to the strong rebound of the Vietnamese stock market this year after it was hit twice by the COVID-19 outbreaks.

Vietnam's benchmark VN-Index had its first collapse in late March when it lost total 26 percent in the last three weeks of the month, leading up to a total slump of 33.4 percent in the first quarter.

The second market collapse came in late July when the VN-Index was dragged down by total 8.35 percent in two days.

Both collapses came after investors panicked after new coronavirus infection cases were reported in Hanoi and Da Nang.

In both collapses, strong purchasing power from individual investors has been the key to the strong market rebounds.

In Januar...