Vietnam's stock market will be upgraded from a frontier market to an emerging market in September
The global index provider FTSE Russell makes the confirmation in its latest mid-cycle review, released on April 8.
Stock market an important capital channel
Through many ups and downs, Vietnam’s stock market has played an important role as a capital channel for the economy in the 22 years of its establishment. A key highlight has been the strong growth in market capitalization. According to forecasts, the stock market will be upgraded to emerging market status in 2024 and will attract $10 billion in investment.
No change in status for stock market
In its annual market classification assessment in June, Morgan Stanley Capital International (MSCI) classified Vietnam’s stock market as continuing to be a marginal market. VnDirect believes the stock market is unlikely to be on the watch list for reclassification as an emerging market in the June 2023 review. It may, however, be added to the watch list for reclassification from marginal to emerging market status in the review in June 2024. It may then secure emerging market status in June 2025.