September 18, 2026 | 19:55

Minister of Finance: Upgrading is not the final step but a new advancement

Phong Vu

Minister of Finance Ngo Van Tuan speaks at the conference “Vietnam officially joins the global index basket – FTSE Russell Global Equity Index Series” (FTSE GEIS) that marks the upgrade of Vietnam’s stock market from a frontier market to a secondary emerging market according to FTSE Russell's classification, which officially takes effect on September 21, 2026.

Minister of Finance:  Upgrading is not the final step but a new advancement
Minister of Finance Ngo Van Tuan speaks at the conference “Vietnam officially joins the global index basket – FTSE Russell Global Equity Index Series.” - (Photo: Viet Dung)

The conference “Vietnam officially joins the global index basket – FTSE Russell Global Equity Index Series” (FTSE GEIS) was organized in Hanoi on September 18 evening by the Ministry of Finance (State Securities Commission) in coordination  with FTSE Russell.

The conference takes place at a particularly significant time for the Vietnamese stock market, just before the upgrade from a frontier market to a secondary emerging market according to FTSE Russell's classification, which will officially take effect on September 21, 2026.

Speaking at the conference, Minister of Finance Ngo Van Tuan emphasized: Today's conference is a crucial milestone for the Vietnamese financial market. On September 21, 2026, the Vietnamese stock market will officially transition to the status of a secondary "emerging market," according to the evaluation standards of FTSE Russell.

“Upgrading is not the final step but a new advancement, while also setting higher demands for the market and regulatory agencies in the context of the continuously changing global financial market...,” the minister said.

Vietnam is continuously striving to assert itself as a dynamic, attractive, and highly potential investment destination for investors in the region and around the world, he added.

In the context of strong international capital flows shifting, Vietnam remains steadfast in its goal of stabilizing the macroeconomy, improving the investment and business environment, promoting innovation, digital transformation, and green growth, while prioritizing the attraction of quality, long-term capital associated with knowledge transfer, technology, and advanced governance, aiming for sustainable development, Minister Ngo Van Tuan noted.

Recently, the Vietnamese capital market has continued to show a clear bright spot, with many reforms in institutional frameworks, operations, and open dialogue with the international investor community, contributing to the stability and development of the entire national financial system and simultaneously promoting Vietnam's economic growth, according to the minister.

The legal and policy framework in the capital market has made significant progress, focusing on three main axes.

First, enhancing governance quality, mastering the market, and increasing the effectiveness and efficiency of handling minutes;

Second, facilitating investors, especially foreign investors, improving market access according to international standards;

Third, creating a legal foundation for new market models and products, in line with the development trends of modern capital markets.

The Minister emphasized that these are important steps to achieve the goal of upgrading the Vietnamese stock market, developing the market towards modernity, efficiency, transparency, and alignment with international standards.

Thanks to timely improvements with high determination from the Government, the Ministry of Finance, the State Securities Commission, FTSE Russell announced the upgrade from a frontier market to a secondary emerging market in the assessment period in September 2025 and reaffirmed it in the assessment period in April 2026.

Vietnam still needs to be proactive, flexible, and ready to improve mechanisms, policies, and market supervision management, according to the minister.

In that spirit, the Government and the Ministry of Finance have issued and synchronously implemented strategic directions for the development of the capital market and stock market until 2030-2045, focusing on continuing to enhance liquidity, market quality, modernizing infrastructure, strengthening risk management tools, diversifying products, attracting capital flows in a sustainable direction, while improving governance, supervision capacity, and opening up the market, he said.

These are also important foundations for Vietnam to continue to integrate deeply and widely with the international financial market, further promoting the effective use of international capital for investment and development.

"We are ready to listen, proactively adopt international practices, and continue to reform even more strongly, aiming to build a transparent, safe, efficient, and sustainably attractive capital market,” he said, adding that “I hope today’s conference will open a forum for open and substantive dialogue, where regulators, international organizations, and the investor community can share perspectives, enhance connections, and seek new cooperation opportunities based on the reform foundation that has been established and the new advancements of the market.”

“We believe that cooperation with the international financial community will be increasingly strengthened and expanded, positively contributing to the development of the Vietnamese capital market," emphasized Minister of Finance Ngo Van Tuan.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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