Vietnam's benchmark VN-Index climbed up to 445.21 points at the end of Friday's trading session thanks to the rise of blue chips. The VN-Index on the country's southern bourse of the Ho Chi Minh City Stock Exchange (HoSE) gained 0.16 points, or 0.04 percent, against the previous trading day to close at 445.21 points on Friday. The stock market was able to bounce up a bit on Friday due to the rise of blue chips including PVD, ITA, VIC, PVF and HPG. PVD, the stock of the Petro Vietnam Drilling, under Vietnam National Petroleum Corporation, was the most active with 154,160 shares traded at the HoSE. VN-Index on Friday lost 13.18 points or 2.87 percent from last Friday's figure. The VN-Index experienced two ups and three downs this week. It posted the highest index of 457.59 points on Monday and the lowest level of 442.17 points on Wednesday. Last week, VN-Index ranged from 454.32 to 459.32 points. A total of 27.82 million shares worth 629.72 billion Vietnamese dong (VND) (32.31 million U.S. dollars) changed hands at the HoSE on Friday, an increase of 10.17 percent in volume and a plunge of 10.72 percent in value against last Friday's figure. On the northern Vietnam's Hanoi Stock Exchange (HNX), the HNX- Index went down 1.23 points, or 1.09 percent against Thursday to 111.32 points on Friday. Insiders held that the stock market fluctuated hard on Friday as there was mixed feeling of investors in stock market. The fluctuation in the market showed that investors are keeping a cautious view of the stock market at the moment, said analysts. Vietnam's Consumer Price Index in October is expected to increase by one percent compared to that of September and reach eight percent increase for the whole year 2010. The high inflation projection negatively impact investors' patience, said analysts. Under this sentiment, local analysts expected the State Bank of Vietnam to loosen its credit policy to meet the capital demand of the economy, helping pushing up the stock market. As a result, investors are waiting for the market's recovery rather than selling out all stocks, said analysts. Next development in Vietnam stock market depends on how Vietnamese credit policy changes in the next few months, said analysts. 