Vietnam has been trying to meet FTSE's upgrading criteria.

(Dan Tri) - According to Minister Nguyen Van Thang, Vietnam has made efforts to meet FTSE's upgrading criteria through reforms to facilitate foreign investment flows into the market.

A delegation from the Ministry of Finance is on a working visit to the UK. At a meeting with the London Stock Exchange (LSE) on September 15 in London, Finance Minister Nguyen Van Thang said that recently, the Vietnamese Government has focused on implementing solutions to upgrade the stock market.

"Up to now, Vietnam has made efforts to meet FTSE's upgrading criteria through strong reforms and policies such as synchronously issuing many mechanisms and policies that take effect immediately to facilitate foreign investment flows into the Vietnamese stock market," said the Minister.

The Government approved the project to upgrade Vietnam's stock market last weekend. Accordingly, Vietnam aims to be upgraded from a frontier market to a secondary emerging market by FTSE Russell in 2025.

For the stock market to be upgraded, Vietnam must satisfy 9 major mandatory criteria and 2 optional reference criteria. These criteria must be considered by the market rating organization based on practical experience and positive feedback from foreign investors.

Representatives of the two sides exchanged (Photo: State Securities Commission).

FTSE Russell is one of the important companies owned by London Stock Exchange Group (LSEG). FTSE Russell provides index services, data and market analysis. FTSE Russell's index products are widely used globally, with customers including fund management companies, financial institutions, banks and other investment institutions.

FTSE Russell provides indices for 94 of the world's top 100 asset managers, managing nearly $16 trillion in assets. FTSE currently assesses 47 countries and their stock markets, covering 90% of global capital markets.

At the meeting, the Minister proposed a number of cooperation orientations between Vietnam and LSE in the coming time. Specifically, Vietnam wishes to increase the exchange of experiences in building and perfecting the legal framework, market monitoring mechanism, applying international standards on corporate governance, information disclosure and promoting sustainable growth (ESG), thereby improving transparency, safety and global integration.

At the same time, Vietnam is interested in learning from experience in developing new products such as green bonds, sustainable bonds, and derivative securities. The Minister suggested having joint investment promotion programs and promotional activities to build and connect Vietnamese enterprises with international investors, especially in the UK and Europe.

In addition, Vietnam also wants to receive experience sharing in training, improving market awareness, capacity for human resources in finance - securities and applying financial technology (Fintech, AI, Blockchain) to contribute to improving the efficiency of market operations.

Responding to the Minister’s proposal, Ms. Julia Hoggett, General Director of LSE, affirmed her belief in the development of the Vietnamese stock market in the coming time. She said that LSE will continue to increase cooperation to support the Vietnamese stock market in the matter of upgrading to emerging market status.

Ms. Julia Hoggett hopes that the cooperation between the two sides will have new developments and LSE will be an effective "gateway" for the Vietnamese market to connect with many other markets in the world.

She also discussed cooperation initiatives in the context that Vietnam is actively implementing solutions to upgrade the stock market, such as cooperation between FTSE Russell and the Vietnam Securities Commission to remove obstacles in upgrading criteria; signing an MOU to cooperate in developing indexes between VNX and FTSE Russell...

By the end of August, the total stock market capitalization reached nearly 352 billion USD, equivalent to 79.5% of estimated GDP in 2024. Market liquidity increased significantly, with some sessions having transaction values ​​of over 3 billion USD. Since the beginning of the year, the average transaction value has reached more than 1.1 billion USD per session, among the most active in the ASEAN region.

Source: https://dantri.com.vn/kinh-doanh/viet-nam-da-co-gang-dap-ung-cac-tieu-chi-nang-hang-cua-ftse-20250916115346061.htm