With this decision, Vietnam not only changes its position on the global financial map, but also enters a new phase of capital market integration, where trust, transparency and operational capacity become survival standards.

From expectation to reality

The FTSE's recognition of the upgrade is the most important milestone of the Vietnamese stock market since its establishment, confirming strong improvements in trading infrastructure, risk management, clearing and settlement, and the level of corporate information transparency.

This decision also opens the door for large-scale international capital flows. According to estimates from financial analysis organizations, from 1.5 to 3 billion USD of foreign capital can be disbursed into Vietnam right in the first portfolio restructuring of global ETFs tracking FTSE Emerging Markets.

Vietnam is now in the same group as Indonesia, the Philippines, Thailand and Saudi Arabia, countries that have become global investment destinations.

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Vietnam's stock market officially upgraded. Photo: Tung Doan

The upgrade is also a test of the economy’s stature. As foreign capital flows in, pressure will also come, from transparency requirements, transaction processing speed, to market discipline.

Listed companies with weak governance, slow information disclosure, or problems with vested interests will quickly be eliminated from the game. Meanwhile, companies with standards, transparency, and connection to the real economy will be the shining stars in the new era.

The market will also have to filter itself: from individual investors chasing rumors, to regulators needing to be more transparent, consistent and have a longer-term vision.

From “upgrading” to “maintaining” and towards sustainable development

Maintaining a new rank is more difficult than getting promoted. Vietnam has stepped onto the big stage, but playing the leading role requires discipline, capacity and courage.

T+1 payment system, IFRS standards, green investment funds, ESG governance mechanisms, fintech models... will be the next measures. To maintain the trust of global investors, Vietnam needs to turn "reform to be upgraded" into "regular reform to maintain international standards".

This not only helps the stock market develop sustainably, but is also a strategic lever for the Vietnamese economy, as businesses can mobilize long-term capital through the market instead of depending on short-term credit.

The upgrade is the common achievement of millions of investors, of management agencies, of listed enterprises, and of unwavering belief in the future of the Vietnamese market.

A strong economy cannot exist without a strong stock market, and today, Vietnam has taken a solid step forward to affirm that.

Nguyen Tuan

Liquidity of over 2 billion USD/session: Where is the money pushing the stock market to explode? The stock market has grown explosively, with some trading sessions reaching 2-3 billion USD. Among them, an important source of money comes from securities companies, with outstanding debt reaching a record level.

Source: https://vietnamnet.vn/viet-nam-chinh-thuc-duoc-nang-hang-co-hoi-vang-va-phep-thu-lich-su-2450326.html