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Half-Billion-Dollar ETF Fund Engages in Heavy Sell-Off Ahead of Market Upgrade

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In the lead-up to FTSE Russell's market upgrade announcement, specifically between September 29th and October 6th, the VanEck Vectors Vietnam ETF (VNM ETF) experienced a significant net outflow, with all constituent stocks in its portfolio facing substantial selling pressure.

How Will the Upgrade Impact Vietnam’s Stock Market?

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On the morning of October 8th, the Vietnam Stock Market was officially recognized by FTSE Russell as an emerging market. The effective date is September 21, 2026, following the March 2026 review assessing whether Vietnam has made sufficient progress in facilitating global broker access to its market.

MBS Completes Issuance of 17.18 Million Bonus Shares to Shareholders

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On September 25th, MBS successfully completed the distribution of 17.18 million bonus shares. Following this, the company proceeded to launch a share offering to its existing shareholders.