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Vietnam Pushes for Emerging Market Status with London Stock Exchange Support

Strategic Insights

— 2 min read

Vietnam's Finance Minister Nguyen Van Thang and executives from the London Stock Exchange (LSE) have discussed the country's economic trajectory and capital market development, with a focus on upgrading Vietnam's market classification to emerging market status. The meeting highlighted the robust growth of Vietnam's economy, with a 7.96% GDP growth rate in the second quarter of 2025, and a significant surge in foreign investment and total export-import turnover. The LSE has expressed commitment to supporting Vietnam's efforts, pledging continued cooperation to strengthen the country's capital market and expand collaboration to attract more global cash.

Key Takeaways:

  • Vietnam's economic growth is robust, with a 7.96% GDP growth rate in the second quarter of 2025, targeting 8.3%-8.5% for the full year.
  • Foreign investment surged, with registered, adjusted, and contributed capital approximating 26.1 billion USD during the first eight months, a 27.3% jump year-over-year.
  • The stock market is a hive of activity, with a capitalisation that neared 352 billion USD by late August, roughly 79.5% of Vietnam's estimated 2024 GDP.
  • The London Stock Exchange has pledged continued cooperation to support Vietnam's push for emerging market status, with a focus on strengthening the country's capital market and expanding collaboration to attract more global cash.
  • Collaboration orientations include leveraging the LSE's expertise in legal frameworks, market oversight, and global standards for corporate governance, information disclosure, and ESG practices.
  • Vietnam is keen to draw on the LSE's experience in diversifying securities, from green and sustainable bonds to derivatives, and proposes joint investment promotion and branding to connect Vietnamese firms with UK and European investors.
  • The VNX signed an MoU with FTSE International Ltd., establishing a strategic partnership to fortify Vietnam's capital market infrastructure and global integration.

Statistics:

  • GDP growth rate in the second quarter of 2025: 7.96%
  • Targeted GDP growth rate for the full year: 8.3%-8.5%
  • Registered, adjusted, and contributed capital during the first eight months: 26.1 billion USD (27.3% jump year-over-year)
  • Total export-import turnover: 598 billion USD (16.3% increase)
  • Capitalization of the stock market: 352 billion USD (79.5% of Vietnam's estimated 2024 GDP)

Sources:

  • "Vietnam Presses for Emerging Market Status with London Stock Exchange Support", sourced from the article, published on September 15 (local time).
  • "LSE CEO Julia Hoggett highlights FTSE Russell's collaboration with the SSC to untangle bottlenecks and a newly signed memorandum of understanding (MoU) on index development between the Vietnam Stock Exchange (VNX) and FTSE Russell", sourced from the article, published on September 15 (local time).
  • "FTSE Russell acknowledged Vietnam's recent reforms as effective steps toward meeting upgrade criteria", sourced from the article, published on September 15 (local time).

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