According to a Reuters article published on September 16, Vietnam’s Minister of Finance, Nguyen Van Thang, expressed confidence that FTSE Russell will upgrade Vietnam to emerging market status next month.
“I am quite confident about the upgrade,” stated Minister Thang in response to Reuters’ inquiry during a conference in London. The minister also held meetings with FTSE Russell and the London Stock Exchange (LSE) representatives, affirming that Vietnam has met the index provider’s criteria.
The market upgrade process was a key focus during the Ministry of Finance’s delegation meeting with LSE on September 15, 2025 (local time).
Regarding the market upgrade, Minister Nguyen Van Thang highlighted the Vietnamese government’s recent efforts to implement solutions that meet FTSE Russell’s requirements.
During the meeting, the minister proposed several cooperation directions between Vietnam and LSE, including enhancing legal frameworks, market supervision mechanisms, and adopting international corporate governance standards. He also emphasized the importance of sustainable growth (ESG) and expressed interest in developing new products like green bonds and derivatives to diversify Vietnam’s securities market.
Additionally, Minister Thang suggested joint investment promotion programs and activities to strengthen connections between Vietnamese businesses and international investors, particularly in the UK and Europe. He also sought expertise in training, market awareness, and fintech applications (Fintech, AI, Blockchain) to improve market efficiency.
At the event, the Vietnam Stock Exchange (VNX) signed a Memorandum of Understanding (MoU) with FTSE International Limited, establishing a strategic partnership to enhance Vietnam’s capital market infrastructure and global integration.
Overview of the meeting
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Returning to the Reuters article, analysts estimate that an upgrade could attract an additional $5 to $7 billion in foreign investment to Vietnam’s stock market, currently valued at approximately $350 billion.
FTSE Russell is expected to announce its decision during the annual global review on October 8.
If Vietnam is upgraded, FTSE Russell will gradually increase its weight in the secondary emerging market index, allowing international investors to adjust their portfolios and invest smoothly without causing significant market fluctuations.
– 10:34 17/09/2025
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