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The index stabilized in the green during the morning but dipped in the early afternoon to close over six points lower.
In the last three sessions, VN-Index has lost over 22 points as concerns over new Covid-19 variant Omicron cause uncertainty among investors.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 8.9 percent to VND34.42 trillion.
Foreign investors were net sellers for the fifth session in a row to the tune of VND609 billion, with focus on HPG of steelmaker Hoa Phat Group and SSI of leading brokerage SSI Securities Corporation.
The VN30 basket, comprising the 30 largest capped stocks, saw 23 tickers in the red.
TPB of private TPBank fell 4.4 percent in its third losing session, while STB of Ho Chi Minh City-based lender Sacombank lost 3.3 percent.
Three other banks made up the top five losers: HDB of HDBank fell 3.2 percent, MBB of lender MB fell 2.7 percent and ACB of Asia Commercial Bank fell 2.5 percent.
Other losers included MSN of conglomerate Masan Group and VCB of state-owned lender Vietcombank, both closing 2.2 percent lower.
Seven blue chip tickers bucked the trend, led by GVR of Vietnam Rubber Group with a 5.4 percent gain to a near two-week high.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.55 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.04 percent.
