VNI broke 1,400 points despite rising COVID-19 cases. The VNI continued to climb at the beginning of June before edging down in the second week of the month. However, the VNI rapidly resumed its upward trend for the remainder of the month despite the escalation of COVID-19 in Vietnam and the Fed’s signal that it may raise its benchmark interest rate earlier than previously expected due to rising inflation risks. The VNI gained 6.1% MoM to close the month at a then record high of 1,409.