The upgrade from frontier market status is expected to unlock billions of dollars in foreign investment as well as kick-start its initial public offering market. — Reuters
HANOI: Vietnam’s benchmark stock index has hit a record high as the government and investors alike welcome FTSE Russell’s announcement that the country was set to be upgraded to emerging market status.
The upgrade from frontier market status, a designation that prevents many passive funds from buying shares of locally listed companies, is expected to unlock billions of dollars in foreign investment as well as kick-start its initial public offering market.
