On September 18, the Ministry of Finance officially issued Circular 68/2024 amending four circulars related to foreign institutional investors being able to trade stocks without pre-funding requirements (Non Pre-funding solution – NPS) and the roadmap for English disclosure.
This is considered a significant step forward, bringing Vietnam closer to its goal of being upgraded to an emerging market by FTSE Russell.
SSI Research, the analytics arm of SSI Securities Corporation, provided an optimistic forecast. They believe that Vietnam could achieve the upgrade milestone in the September 2025 review. If this happens, a new wave of investment could pour into the Vietnamese stock market.
“We estimate that inflows from ETF funds alone could reach up to 1.7 billion USD“, analysts from SSI Research stated.
This estimate excludes active funds. FTSE Russell predicts that active funds’ total assets could be five times this amount, thus promising a substantial capital source for Vietnam.
The circular will take effect from November 2, 2024. Currently, VSDC, securities companies, partner banks, and investors are working to complete the necessary paperwork.
The question arises: Which stocks will benefit from this investment wave? SSI Research has put forth a list of 11 familiar names expected to attract foreign investors’ interest: VNM, VHM, VIC, HPG, VCB, SSI, MSN, VND, DGC, VRE, and VCI.
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The Industrial Revolution: Unveiling a Mega Factory and a District-Sized Construction Site with a $1.3 Billion Vision
The VSIP 3 Industrial Park, spanning an impressive 10 square kilometers (that’s one and a half times the size of District 1 in Ho Chi Minh City), is a burgeoning hub of economic activity. Even before its completion, the park has already attracted eight significant projects, boasting a total investment of 1.6 billion USD. The star attraction is undoubtedly the world’s largest mega-factory by the renowned LEGO Group.
Soaring for Over a Decade: Championing the Dreams of Millions in Vietnam and Beyond
Vietjet, the forward-thinking and innovative airline, is thrilled to celebrate a remarkable milestone: welcoming its 200 millionth passenger. This achievement is a testament to the airline’s incredible growth and success over the past decade, solidifying its position as a pioneer in the industry.
