Early morning on October 8, Vietnam time, market rating organization FTSE Russell announced that Vietnam's stock market has met all official criteria and has been upgraded from a frontier market to a secondary emerging market.
According to the State Securities Commission (SSC), this event is an important milestone marking the strong development of the Vietnamese stock market, recognizing the comprehensive reform efforts in recent times of the entire securities industry in accordance with the Party and State's policies to develop a transparent, modern, and effective stock market according to the highest international standards.
The results were achieved thanks to the strong direction of the Government, the Prime Minister, the Ministry of Finance ; the close coordination of the State Bank and relevant ministries and branches; the support of exchanges, VSDC, market members, news agencies, and the press; as well as valuable support from the World Bank, FTSE experts and global investment institutions.
The upgrading of Vietnam's stock market to secondary emerging market status marks the beginning of a new development phase, requiring deeper and broader reforms to achieve long-term goals in the future.
As the state management agency for securities and the securities market, the State Securities Commission will continue to closely coordinate with FTSE Russell to ensure the official transition process follows the roadmap.
The State Securities Commission is committed to continuing to implement comprehensive solutions to create maximum conditions for domestic and foreign investors to access the market. At the same time, it will complete the legal framework, modernize and digitize the infrastructure, aiming to develop the Vietnamese stock market to be increasingly transparent and effective, promoting deeper integration into the global financial market.
Source: https://doanhnghiepvn.vn/kinh-te/thi-truong-chung-khoan-viet-nam-chinh-thuc-duoc-nang-hang/20251008080014214
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