Prime Minister Pham Minh Chinh has called for stronger measures to ensure Vietnam’s stock market continues to develop robustly, transparently, efficiently, and sustainably, with the goal of meeting higher international standards and serving as a key channel for medium- and long-term capital mobilisation to support national economic growth.

The directive follows FTSE Russell’s announcement on October 8 (Hanoi time) that Vietnam will be upgraded from frontier market to secondary emerging market status in its September 2025 Country Classification Review. The reclassification is expected to take effect on September 21, 2026, pending an interim assessment in March 2026 to confirm progress in improving market access through global brokers.

In an official dispatch dated October 8, 2025, PM Chinh described the upgrade as a significant milestone in the more than 25-year development of Vietnam’s stock market. 

The Prime Minister asked the Ministry of Finance to instruct the State Securities Commission (SSC) to continue close coordination with FTSE Russell to ensure the upgrade proceeds according to the established roadmap. It must also work with the State Bank of Vietnam (SBV) and relevant ministries to enhance investor access—both domestic and foreign—through comprehensive reforms and supportive measures.

PM Chinh emphasised the need to further refine the legal framework, reform administrative procedures, modernise and digitise market infrastructure, improve corporate governance, strengthen supervision, and safeguard market security and stability. He underscored that practices such as stock manipulation, price distortion, or any actions undermining market integrity will be strictly prohibited and dealt with firmly.

The SBV was instructed to coordinate with the Ministry of Finance, SSC, and other relevant agencies to swiftly complete the legal and technical framework for implementing the Central Counterparty Clearing (CCP) mechanism for the cash market by early 2027.