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Vietnam Stock Market Upgraded to Secondary Emerging Market by FTSE Russell

Strategic Insights

— 1 min read

Vietnam's stock market has marked a significant milestone with its upgrade to secondary emerging market by FTSE Russell, a leading market rating organization. This move, announced on October 8, 2025, is a culmination of the country's efforts to develop a transparent, modern, and effective securities market, in line with international standards. The upgrade is expected to create opportunities for Vietnam to attract foreign capital and deepen its integration into the international financial system.

Key Takeaways:

  • The Prime Minister has praised the efforts of the Ministry of Finance and the State Securities Commission for their determination and hard work in upgrading the stock market.
  • The Ministry of Finance is tasked with coordinating with relevant agencies to implement the Project to upgrade Vietnam's stock market, approved in Decision No. 2014/QD-TTg dated September 12, 2025.
  • The State Bank of Vietnam is responsible for proactively coordinating with the Ministry of Finance and other agencies to complete the legal framework and technical infrastructure for the central clearing partner (CCP) mechanism.
  • Relevant ministries and branches will review the list of conditional business investment industries and sectors, with a view to proposing the expansion or elimination of foreign ownership restrictions for fields not related to national security.
  • Deputy Prime Minister Ho Duc Phoc has been assigned to direct the implementation of the Official Telegram.

Statistics:

  • Vietnam's stock market has been upgraded from Frontier market to Secondary Emerging market by FTSE Russell.
  • The upgrade is expected to create opportunities for Vietnam to attract foreign capital resources.
  • The official transition process to the new classification is expected to be completed by 2027.
  • The State Bank of Vietnam aims to deploy the central clearing partner (CCP) mechanism for the underlying securities market in early 2027.
  • Commercial banks and foreign bank branches are expected to shorten the time to open indirect investment accounts and payment accounts for foreign investors.

Sources:

  • Official Dispatch No. 192/CD-TTg, signed by Prime Minister Pham Minh Chinh on October 8, 2025.
  • FTSE Russell announcement on October 8, 2025, upgrading Vietnam's stock market to Secondary Emerging market.

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