1/ STOCK MARKET UPGRADE PROSPECTS

The Vietnamese stock market is currently classified as a frontier market by both MSCI and FTSE Russell. However, Vietnam is actively working to enhance its market criteria and regulations to meet the requirements for an upgrade to emerging market status. Key areas of focus include improving liquidity, increasing foreign ownership limits, and enhancing transparency of information. It is anticipated that Vietnam’s market could be upgraded to emerging market status by FTSE as early as September 2025.

2/ INVESTMENT STRATEGY TO CAPITALIZE ON THE UPGRADE WAVE

This strategy focuses on stocks likely to be included in the FTSE Vietnam All-Share and MSCI Emerging Markets indices, based on the following criteria:

• High Liquidity: Stocks with significant trading volumes, meeting ETF requirements.
• Available Foreign Ownership Room: Ensuring sufficient foreign ownership capacity for international investors.
• Large Market Capitalization and Strong Fundamentals: Prioritizing stocks within the VN30 or high-growth mid-cap segments. 

(EN) GTJASVN_FLASH NOTE_ CAPITALIZING ON STOCK MARKET UPGRADE TREND _10.03.2025