FTSE upgrade, start-ups "focus" on IPO

Financial transparency, operational efficiency, social responsibility and commitment to long-term development are four pillars that help Meey Group build trust with investors.

The "explosion" opens the way

“Born in Vietnam, Build for the World” is not just a slogan, but a manifesto of Meey Group - a pioneering proptech enterprise in Vietnam that is entering the decisive stage of preparing for an international IPO.

From the very beginning, Meey Group has identified technology and data as the core foundation that determines the position of every proptech business that wants to reach out to the world . The comprehensive product ecosystem, including Meey Map, Meey CRM, Meey 3D and Meey Atlas, is developed to make data transparent and digitize the entire real estate value chain, from search, valuation to management and forecasting.

The difference of Meey Group lies in the deep integration of artificial intelligence (AI) into each process, helping to automate data processing, shorten transaction time, and improve accuracy in market analysis. Strategic cooperation with Amazon Web Services (AWS) further strengthens the ability to operate stably, securely and be ready to expand globally.

If market reforms are implemented synchronously, along with the upcoming formation of the Ho Chi Minh City International Financial Center, Vietnam could witness a new wave of IPOs, where start-ups not only seek capital, but also affirm the brand position and creativity of Vietnamese enterprises on the regional financial map.

To prepare for the IPO process, Meey Group has spent 3 years on comprehensive restructuring with PwC. Meey Group's financial statements are now approaching IFRS standards, the operating system is standardized according to ISO, ensuring transparency and readiness for international audits.

In 2024, the company will achieve ISO 9001:2015 certification for quality management and ISO/IEC 27001:2013 certification for information security issued by BSI (UK) - two important "passports" to help Meey Group enter the global playing field.

In July 2025, Meey Group signed a strategic cooperation agreement with ARC Group - a financial consulting group that has conducted nearly 50 IPO, M&A and SPAC transactions in major markets. ARC Group's cooperation is a clear signal that Meey Group has been assessed as having enough capacity to go international.

According to Mr. Hoang Mai Chung, Chairman of Meey Group, “Born in Vietnam, Build for the World” is the guiding principle for the globalization strategy. The Vietnamese identity lies in the persistent entrepreneurial spirit and the ability to adapt flexibly, which is the foundation for Meey Group to integrate into the regional technology ecosystem.

In early October 2025, Meey Group's senior management made two key business trips to Singapore and the United States.

Mr. Nguyen Duc Tai, Chief Financial Officer of Meey Group, shared that financial transparency, operational efficiency, social responsibility and commitment to long-term development are four pillars that help Meey Group build trust with investors and affirm its international competitiveness.

According to him, Meey Group's steps are not only to serve the IPO goal, but also a long-term strategy to protect the brand and maintain its pioneering position in the proptech field.

“Boost” for new wave of IPOs

In the domestic market, FTSE Russell's official upgrade of Vietnam's stock market from a frontier market to a secondary emerging market not only symbolizes the openness and attractiveness of Vietnam's capital market, but can also become a big boost for the IPO wave of private enterprises and technology startups in the coming years.

According to investors, the liquidity of Vietnam’s stock market is currently leading ASEAN, with an average trading value of more than 1 billion USD per day, reflecting the depth and attractiveness of domestic capital mobilization channels. The performance of the Vietnamese market over the past decade has also outperformed many major stock exchanges in Asia, demonstrating the growing confidence of international investors.

In addition, capital market reform policies are being promoted, from shortening the IPO - listing process, to building a separate legal framework for start-ups listed on HoSE and HNX. In parallel, growth and technology indexes such as VNMITECH and VN50 Growth are being developed, demonstrating a long-term orientation in encouraging capital flows into innovative businesses.

According to Ms. Nguyen Ngoc Anh, General Director of SSI Asset Management (SSIAM), among more than 1,600 listed companies on the market, there are only 16 technology companies, accounting for a mere 1%, and in the top 30 largest capitalizations, there is only one representative,FPT . This reflects the fact that the Vietnamese stock market has not yet become an effective capital mobilization channel for technology companies, forcing most Vietnamese startups to register as legal entities in Singapore to easily access investors.

The Director of the Department of Startups and Technology Enterprises ( Ministry of Science and Technology ) forecasts that venture capital in Vietnam could reach 3 billion USD by 2030, of which AI accounts for 70-75%. Data from Do Ventures shows that in the period of 2023-2024 alone, capital flows into AI startups in Vietnam increased 8 times, from 10 million USD to 80 million USD. This is a signal that investors' confidence in the AI ecosystem is taking shape. Therefore, a more transparent, efficient and startup-friendly IPO market can become an important "pressure valve", helping to unblock domestic capital sources for innovation.

In line with Resolution 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, which sets the goal of Vietnam being in the top 3 ASEAN in digital competitiveness and AI R&D (Artificial Intelligence Research and Development) by 2030, along with the ambition of having 10 technology unicorns (currently only 4: VNG, MoMo, VNLife, Sky Mavis), the domestic start-up IPO trend is being seen as a new development pillar of the start-up ecosystem.

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