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Vietnam joins FTSE Russell emerging market benchmark
- On Monday, FTSE Russell added Vietnamese stocks to its emerging market indices, marking a milestone after years of reforms aimed at attracting foreign investors. The index provider estimates the inclusion could redirect up to $6 billion into Vietnam.
- Vietnam has been on the FTSE Russell watchlist since 2018 for entry into an emerging market category that also includes China and India. The watchlist placement reflects broader reforms designed to attract foreign investors.
- Vietnamese benchmark indices opened up 0.54% on Monday before retreating slightly, while asset management firm Vanguard plans to boost investment in Vietnam to about $2.5 billion over the next few years.
- The transition will take place in four stages through 2027, with 10% added in September, 20% in March, and 35% each in June and September of next year. A central counterparty clearing mechanism remains crucial for a future MSCI upgrade.
- Thomas Nguyen, chief global markets officer at SSI Securities Corporation, expects the market to remain relatively subdued until the next inclusion tranche in March, when attention should pick up alongside the larger allocation.
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18 Articles
18 Articles
The Vietnamese stock exchange officially entered the FTSE Russell emerging markets index, potentially attracting up to US$6 billion in capital. The challenges and opportunities ahead are discussed.
Strong selling pressure in the afternoon session caused the VN-Index to close down 15.99 points on the day Vietnam's stock market officially upgraded to emerging market status according to FTSE standards.
Coverage Details
Total News Sources18
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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