Seizing the Moment: Mitigating the 1% Risk of Vietnam’s Stock Market Upgrade Delay

Vietnam is widely regarded as a "top contender" in the upcoming stock market upgrade assessment. Even if there's a 1% risk of missing the upgrade this time, experts believe the impact would be purely psychological, as the potential for attracting foreign capital into Vietnam remains substantial.

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Speaking at the 3rd Vietnam Wealth Advisors Summit (VWAS) 2025, held on the afternoon of September 25th, Deputy Minister of Finance Nguyễn Thị Bích Ngọc stated that Vietnam is entering 2025 with significant institutional and governance transformations.

The ambitious yet grounded GDP growth target of 8.3% to 8.5% is supported by flexible fiscal and monetary policies, designed to maximize recovery and growth while transitioning to a sustainable economic model.

Ms. Nguyễn Thị Bích Ngọc – Deputy Minister of Finance.

A series of critical policies are being implemented to ignite new economic momentum. Notably, Mrs. Ngọc highlighted the development of an international financial center in Vietnam.

Following the issuance of Resolution 222/2025 by the National Assembly, relevant ministries are expediting eight guiding decrees, aligned with international standards, to establish a long-term competitive foundation.

These decrees are crafted to comply with global standards, ensuring the international financial center’s robust development and competitiveness on the global stage.

“The goal extends beyond creating modern financial hubs; it’s about deeply integrating Vietnam’s financial network with global markets, solidifying its position on the world financial map,” emphasized Deputy Minister Nguyễn Thị Bích Ngọc.

From September 14th to 21st, the Ministry of Finance conducted a successful investment promotion tour in the UK and Italy, attracting significant global investor interest. Mr. Bùi Hoàng Hải, Vice Chairman of the State Securities Commission (SSC), reported overwhelming enthusiasm from international investors.

The tour included a Vietnam Investment Promotion Forum, attended by over 200 leading global asset managers, and facilitated more than 100 meetings exploring long-term investment opportunities in Vietnam.

Mr. Bùi Hoàng Hải – Vice Chairman of SSC.

Regarding market upgrades, Mr. Hải underscored the government’s commitment to creating an optimal investment environment for foreign investors.

Representatives from the London Stock Exchange (LSE) and FTSE Russell noted Vietnam’s unprecedented high-level engagement in policy implementation, fostering international investor participation. Mr. Hải added that global organizations are confident in Vietnam’s securities market reforms.

FTSE Russell will announce Vietnam’s market upgrade results on October 8th.

Ms. Đỗ Minh Trang, Director of Market Analysis and Strategy at ACB Securities (ACBS), commented that even if the upgrade is delayed, the impact would be primarily psychological. Foreign investors have net sold approximately USD 3 billion year-to-date, largely due to cyclical divestments.

Over a 10-15 year horizon, early strategic investors reaching their exit phase is normal, creating opportunities for new capital. Thus, foreign investment flows are expected to remain resilient, even if the upgrade is postponed.

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