Tag: vietnam stock market

Vietnam Economic Times / VnEconomy sought the perspectives of industry stakeholders on the recent upgrade of Vietnam’s stock market in terms of market reforms, capital inflows, and long-term growth prospects.

The official announcement of an upgrade of Vietnam’s stock market from Frontier to Secondary Emerging status comes at a time when new performance records are being constantly set.

Once upgraded, Vietnam's stock market will officially be included in the investment portfolios of hundreds of global ETFs and active funds, especially those tracking the FTSE Emerging Markets Index.

The State Securities Commission of Vietnam (SSC), in collaboration with the Japan International Cooperation Agency (JICA), launched a project aimed at enhancing stock market efficiency and promoting international integration.

Vietnam’s stock market is one of the fastest growing in the world, but the high proportion of stocks in major industries makes retail investors cautious. The banking sector accounts for 34.55 per cent and real estate 21.39 per cent, for a total of 55.94 per cent; a ratio rarely found elsewhere. To enhance the durability of the market, it is important to diversify sectors. Production and business sectors associated with science and technology should be among those driving the market.