Vietnam stocks rise in early trade after market upgrade announcement


Motorcyclists pass the Hanoi Stock Exchange in Hanoi on April 8, 2025. (Photo by Nhac NGUYEN / AFP)

HANOI: Vietnam's main stock index was up more than 2% in early trade on Wednesday after index provider FTSE Russell said it would upgrade the country to emerging market status, effective from next September and subject to an interim review.

The index has surged 33% this year, making it the best-performing stock market in Southeast Asia. It has hit record highs multiple times this year.

"FTSE upgrade of Vietnam's equity markets sends a strong signal to global investors that this export powerhouse can withstand the near-term trade headwinds," , said Suvir Loomba, Regional Head of Securities Services, Asia at HSBC, in a statement.

Vietnam had been added to FTSE Russell's watchlist from 2018. Rival index provider MSCI continues to classify Vietnam as a frontier market.

According to FTSE Russell, Vietnam's upgrade from frontier status would be effective on September 21, 2026 and would undergo the interim review in March 2026 to determine whether enough progress had been made to provide access to global brokers. - Reuters

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Vietnam , FTSE Russell , equity

Next In Business News

Japan's Q3 GDP contraction worsens on weak capex; unlikely to sway BOJ on rate hike�
ACSR sets out approach for non-compliance to sustainability reporting requirements
Malaysia’s banking sector resilient amid tariff pressures, expected to hold steady in 2026
BMS slips on ACE Market debut, trading under IPO price
Foreign investors return with RM11.8mil net buying after two-week selloff
FBM KLCI opens weaker as markets turn cautious ahead of FOMC meeting
Ringgit opens higher as tomorrow's FOMC meeting pressures greenback�
Trading ideas: Geohan, Hartanah Kenyalang, Capital A, AAX, Genting, Quality Concrete, Gadang, Ancom Nylex
Greater corporate involvement needed to hasten startup growth
Sime Motors aiming for higher EV market share

Others Also Read