Vietnam Stock Market: More than just an upgrade expectation!

Vietnam's stock market has met 9/9 mandatory criteria, along with two optional criteria to be considered for upgrading. (Photo: Trong Hieu)

The last two criteria - which were the factors that caused the Vietnamese stock market to fail the assessment in March - were the non-prefunding mechanism (no need to deposit all the money in advance when trading) and the foreign investor ownership ratio (foreign room) - which have been quickly completed by the management agency in recent times.

In terms of confidence, Vietnamese managers are quite certain of a positive outcome, as “the basic and fundamental criteria have been met.”

The highlight is the Vietnamese Government 's relentless reform efforts to implement solutions to meet FTSE Russell's upgrading criteria. In early September, the Government issued Decree 245/2025/ND-CP and the Project to Upgrade the Vietnamese Stock Market, marking more important milestones, focusing on removing barriers to the stock market. This includes simplifying procedures, opening the door wider to foreign investors, from account opening procedures, stock trading rights...

BSC Research assesses that the opportunity for the Vietnamese stock market to be included in the FTSE Russell upgrade list in the upcoming review is completely feasible, thanks to drastic new legal reforms and bold international cooperation steps. These new moves not only help the market approach international standards, but also create a legal corridor to implement longer-term solutions, towards sustainable development.

Investors expect that if the Vietnamese stock market is upgraded this period, foreign capital can flow into the market more strongly, helping to maintain liquidity at a high level... But what analysts appreciate more is that the Government is simultaneously promoting institutional reform and enhancing international integration for capital sources - not only creating a solid foundation, but also opening up more opportunities for the Vietnamese stock market to enter a new stage of development with a stronger attraction for global capital flows.

There are also experts who cautiously note the longer story, which is that “upgrades also carry the risk of downgrades”. The reasons for downgrades are very diverse, if that happens, confidence will certainly be affected, the ability to invest in the market will be greatly reduced. Therefore, the most important thing is the problem of maintaining the stability of the market after the upgrade.

The project to upgrade Vietnam's stock market will therefore move towards meeting the criteria for upgrading to higher-level markets from now until 2030.

Thus, upgrading the Vietnamese stock market can be understood as not only a technical goal, but also a commitment to the process of building a foundation for sustainable development. This is a key factor in strengthening trust, improving governance quality and investor experience. The upgrade is therefore a long-term journey, aiming to develop a transparent, modern and integrated capital market.

Source: https://baoquocte.vn/thi-truong-chung-khoan-viet-nam-hon-ca-mot-ky-vong-nang-hang-329744.html