BSC Insight | Vietnam – Road to Emerging Market (Part 1)

Current state of Vietnam’s stock market

• Organizational structure of Vietnam's stock market
• Current status of Vietnam's stock market system
• Listed assets on Vietnam’s stock market
• Update on FTSE market classification assessment
• Update on MSCI market classification assessment
• Challenges faced by foreign investors in accessing Vietnam’s stock market
• Solutions proposed by the SSC with the goal of upgrading the stock market

Upgrade of Vietnam’s stock market

• “Frontier market tag” has become outdated for Vietnam
• At which stage is Vietnam in the reform process to upgrade its market classification
• FTSE Russell’s history of market upgrades and downgrades (2008–2024)
• Awaiting SSC’s implementation of plans to upgrade Vietnam’s stock market in 2025
• Forecast on the market upgrade process and key considerations

Index performance and foreign capital flows

• Review of Asian countries’ market classification by MSCI and FTSE
• Index trends and foreign flows in Qatar and China during FTSE/MSCI upgrades
• Index trends and foreign flows in UAE and Parkistan during FTSE/MSCI reclassification
• Foreign capital flow in Asian countries following FTSE Russell market upgrades
• Market performance, liquidity movements in Asian countries following FTSE Russell upgrades
• Key considerations in the upcoming upgrade process in Vietnam

Notable stocks

• Summary of Notable Related Information 
• VCB – The boulder of the industry
• HPG – King of steel
• VHM – Vietnam real estate’s market marker
• VNM – The leading position in Vietnam’s dairy sector
• MSN – Unlock efficiency phase  
• SSI – Leading position along with bright prospects
• VRE – Sustaining market leadership in shopping mall operations
• VIC – Launching pad for global ambitions

APPENDIX

• Research and reference materials
• Governance framework of FTSE Russell
• Governance framework of MSCI