Vietnam has reached a milestone, not a finish line. Following FTSE Russell’s 7 October decision to upgrade Vietnam from frontier to secondary emerging market status, the country now enters a new phase of market evolution. As Thanh Tung D., Associate Director at Dragon Capital, notes, this milestone signals greater foreign participation but also underscores that Vietnam’s capital market reform journey is far from complete. #InstitutionalInvesting #EmergingMarkets #Vietnam
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Vietnam’s upgrade to Emerging Market status marks more than a technical reclassification. As Phuong Mai Vu, Portfolio Manager of the Vietnam Equity UCITS Fund at Dragon Capital, noted on CNBC Asia, the move is “another validation of the country’s progress”, opening access to a wider base of institutional investors previously restricted by its frontier status. The upgrade, expected in 2026, is expected to draw between USD 0.5 billion and USD 1 billion in passive inflows, with active allocations several times larger. More importantly, it signals Vietnam’s deeper integration into global capital markets, strengthening the foundation for its next phase of economic modernisation as the country targets upper-middle-income status by 2030. With reforms accelerating, liquidity deepening, and domestic investors already powering a USD 288 billion market, Vietnam is entering a new chapter—one that links structural reform, capital formation, and long-term growth. #InstitutionalInvesting #EmergingMarkets #Vietnam
Vietnam’s FTSE status upgrade amid a weak dollar will draw foreign investors back: Portfolio Manager
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A historic milestone for our financial system: Vietnam has been upgraded from a Frontier Market to a Secondary Emerging Market 🇻🇳 This upgrade is not just a recognition of market size or trading volume; it’s the result of years of structural reform, regulatory modernization, and collective efforts to make Vietnam’s capital market more transparent, efficient, and globally integrated. From an economic standpoint, this signals a significant shift in our capital market quality. It opens the door for institutional investors, pension funds, and global ETFs that were previously restricted from frontier markets. In the long term, this could lead to stronger capital inflows, lower cost of capital, and improved credit perceptions for Vietnam. Of course, the journey doesn’t end here. The next challenge lies in maintaining reform momentum: enhancing market infrastructure, improving corporate governance, and ensuring transparency that meets international standards. Today’s upgrade is not merely a reward; it’s an invitation for Vietnam to step confidently onto the global financial stage. #VietnamEconomy #FTSERussell #EmergingMarket #CapitalMarkets #EconomicReform #VietnamFinance
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Vietnam’s long-awaited reclassification from ‘Frontier’ to ‘Secondary Emerging Market’ status marks a pivotal moment for global investors, and a powerful validation of the country’s structural reform agenda. In our latest Fund Commentary, Shasha Li Mafli explores the implications of the upgrade, the scale of anticipated capital inflows, and how our strategy is positioned to access this compelling transition with discipline and foresight. https://lnkd.in/eU39Bq8p #AsianEquities #InvestmentManagement #VietnamEquities #MarketingCommunication
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🇻🇳 The Re-Rating - Part 1: How Vietnam Became Investable On an October night in District 1, the skyline didn’t just glow — it announced itself. VN Index 1,685. Up 30 percent this year. Not another rally — a reckoning. A frontier no longer pretending to be one. FTSE Russell has redefined how Vietnam will be priced for a generation — upgrading it to Secondary Emerging Market status, effective September 2026, with a final review next March (UBS Research, Oct 2025). Only one box remains: granting foreign brokers direct counter-party access — the last handshake between Hanoi and the world. Behind the light show lies the architecture of credibility. The prefunding rule fell in 2024. The KRX system came online in 2025. Decree 245 shortened IPO timelines and turned transparency into habit. Each reform small on paper, seismic in consequence. GDP growth 8.2 %, FDI +32.6 %, reserves ~US $80 billion — the strongest macro trifecta in ASEAN (UBS Research, Oct 2025). Average daily liquidity now US $860 million, spiking above US $2.7 billion — proof that depth is no longer a dream but a discipline. Roughly US $9 billion in inflows will follow the reclassification, yet the greater inflow is invisible: the migration of perception — from potential to proof. “Markets don’t reward hope. They reward systems. Vietnam just built one the world can plug into.” #Vietnam #EmergingMarkets #FTSERussell #SovereignCapital #InvestInVietnam #FrontierToEmerging #AsiaMarkets #PrivateEquity #UBSResearch #CapitalMarkets
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𝐅𝐓𝐒𝐄 𝐑𝐮𝐬𝐬𝐞𝐥 𝐔𝐩𝐠𝐫𝐚𝐝𝐞𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐭𝐨 𝐒𝐞𝐜𝐨𝐧𝐝𝐚𝐫𝐲 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 October 7th marks a significant milestone for Vietnam as the FTSE Russell officially upgrades Vietnam’s securities market from Frontier to Emerging market status, recognising the country’s substantial progress in capital market reforms, liquidity improvement, and global integration. The reclassification will have an effective date of Monday the 21st of September 2026, subject to an interim review in March 2026 to confirm global broker access. As Vietnam’s equity market embarks on a new era of growth potential, 𝒕𝒉𝒆 𝑽𝒊𝒆𝒕𝒏𝒂𝒎 𝑷𝒉𝒐𝒆𝒏𝒊𝒙 𝑭𝒖𝒏𝒅 𝒊𝒔 𝒑𝒓𝒐𝒖𝒅 𝒕𝒐 𝒉𝒂𝒗𝒆 𝒃𝒆𝒆𝒏 𝒂𝒎𝒐𝒏𝒈 𝒕𝒉𝒆 𝒇𝒊𝒓𝒔𝒕 𝒇𝒐𝒓𝒆𝒊𝒈𝒏 𝒊𝒏𝒗𝒆𝒔𝒕𝒐𝒓𝒔 𝒕𝒐 𝒃𝒆𝒍𝒊𝒆𝒗𝒆 𝒊𝒏 𝒂𝒏𝒅 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝑽𝒊𝒆𝒕𝒏𝒂𝒎’𝒔 𝒈𝒓𝒐𝒘𝒕𝒉 𝒔𝒕𝒐𝒓𝒚. We look beyond the FTSE upgrade as this represents just one step in Vietnam’s broader efforts to deepen its capital market. The drive to attain the FTSE upgrade has guided local regulators to develop the local market to meet international standards. Foreign investment inflows will be a natural result of streamlined market access, more diverse trading products and enhanced investor confidence. #vietnamphoenixfund #vpf #vietnam #vietnamequity #ftse #emergingmarket
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Vietnam’s market story just got a lot more interesting. 85% of major global funds—BlackRock, Vanguard, State Street—are backing Vietnam’s upgrade to Secondary Emerging Market status. That’s not just noise; that’s serious validation. We’re talking potential inflows of $5-7 billion when it joins the FTSE index in March 2026. Liquidity’s already up 15% last quarter, and the regulatory hurdles that used to scare off foreign investors are finally getting sorted. For the funds industry, this opens fresh opportunities—new mandates, portfolio diversification, and a chance to tap into one of the region’s fastest-growing economies before the crowd arrives. Passive funds will automatically allocate to Vietnamese stocks once it joins indexes like FTSE All-World and FTSE EM, while active managers get a compelling new market to explore. Southeast Asia’s growth narrative often centers on the usual suspects, but Vietnam is quietly building something compelling. Worth watching closely—or getting positioned now. #Amicorp #Vietnam #EmergingMarkets #Investment #SoutheastAsia #CapitalMarkets #GlobalInvesting #FundManagement
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✅✅✅This is a very big piece of news for Vietnam’s financial markets 🎉🎉🎉 Today, FTSE Russell announced that Vietnam has been upgraded to Emerging Market status, pending an interim review. This marks a historic milestone: 👍Expanding access to a much larger pool of institutional capital. 👍Enhancing market liquidity and valuation potential. 👍Validating years of reform in trading, settlement, and market transparency. While the interim review highlights that more work is needed — particularly around foreign ownership limits and settlement systems — the direction is clear. Vietnam is firmly on the global investment map. For businesses, this upgrade means higher standards, more visibility, and stronger competition. For investors, it opens new opportunities in one of Asia’s fastest-growing economies. An exciting new chapter for Vietnam’s capital markets.
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🇻🇳🚀 Vietnam 𝐔𝐩𝐠𝐫𝐚𝐝𝐞𝐝 𝐭𝐨 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐭𝐚𝐭𝐮𝐬 𝐛𝐲 FTSE Russell, An LSEG Business (vs. a Frontier Market) THIS IS A SHIFT 𝐭𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐟𝐞𝐥𝐭 over the next 5 years! 🚀 Thuy Anh Nguyen, a director at Dragon Capital, a Vietnamese fund manager, said the upgrade could bring in tens of billions of dollars in active investment and about $500mn of passive inflows. “Previously institutional investors could not invest because we were classified as a frontier market,” said Nguyen. “Now that we are classified as EM it will be easier for them.” https://on.ft.com/48m1DBY #Vietnam #investing #emergingmarkets #macroeconomics #capitalmarkets #growth #venturecapital #privateequity #VC #PE #FTSERussell
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Great to get an update on Vietnam today from VinaCapital, Vietcap Securities and FTSE Russell, An LSEG Business at the London Stock Exchange. Vietnam now has the most liquid stock market in ASEAN, with daily turnover of around $1.5bn. Local brokers have the market trading on c13x forward earnings. After three years of foreign outflows, there are hopes that the recent rally might have legs particularly if FTSE Russell announces the market’s reclassification from Frontier to secondary Emerging Market status on 8 October. Vietnam has been on the watchlist since 2018, but recent market reforms have boosted expectations – the Finance Minister is “pretty confident”. The economic challenge for Vietnam now is to maximise growth (and broaden it out from FDI-related sectors) before the working population peaks in 15-20 years. 🇻🇳 #vietnam #frontiermarkets #emergingmarkets #equities #strategy #ASEAN
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Vietnam has officially been upgraded to emerging market status by FTSE Russell — a milestone that could attract billions in new investment. The reclassification reflects years of reforms aimed at improving market access, liquidity, and transparency, and positions Vietnam as a stronger link in global supply chains. A significant step forward for the country’s capital markets and its role in the international economy. #Vietnam #EmergingMarkets #GlobalInvestment
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