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HCMC – FTSE Russell has officially upgraded Vietnam’s stock market to emerging market status following its March 2026 interim review, marking the final confirmation of a long-anticipated transition.
At 3:00 a.m. Vietnam time on April 8, FTSE Russell announced the results of its interim review as part of its March 2026 market classification assessment, formally confirming that Vietnam remains on track for an upgrade from frontier market to secondary emerging market status as previously outlined in October 2025.
Citing FTSE Russell’s assessment, the State Securities Commission of Vietnam said that the issuance of Circular 08/2026 by the Ministry of Finance has established a legal framework to ensure foreign investors’ access to Vietnam’s stock market through global securities firms, while also improving regulations related to the non-prefunding mechanism.
“The upgrade to secondary emerging market status marks a significant milestone, affirming the development of Vietnam’s stock market and its recognition by the global investment community. It is expected to attract large scale international capital inflows, enhance liquidity, and strengthen Vietnam’s position in the global financial system,” the State Securities Commission said.
“This is a landmark moment for the market, placing Vietnam in the same classification group as major markets such as China, Taiwan, India, and Brazil,” analysts at Vietcap added.
Vietnam’s projected weightings in FTSE Russell indices are estimated at 0.037% in the FTSE Global All Cap, 0.35% in the FTSE Emerging All Cap, 0.024% in the FTSE All World, and 0.227% in the FTSE Emerging.
The market upgrade will take effect on Monday, September 21, 2026. Index funds will purchase Vietnamese equities in four phases: September 21, 2026 at 10%, March 22, 2027 at 20%, June 21, 2027 at 35%, and September 20, 2027 at 35%.
According to several global brokerage firms, foreign capital inflows could reach US$6 billion to US$8 billion, and may even rise to US$10 billion under an optimistic scenario. These estimates include both active and passive fund flows, with active funds expected to account for the larger share.
According to Vietcap, Vietnamese stocks that meet the criteria for potential inclusion in the FTSE Global All Cap index include HPG, VCB, BID, VHM, VIC, MSN, SAB, FPT, VNM, SSI, DPM, KBC, HUT, SHB, DIG, EIB, DXG, KDH, VIX, VND, PDR, DGC, NVL, VJC, VCI, VRE, GEX, FRT, GEE, BSR, KDC, and STB.
FTSE Russell screens stocks based on multiple criteria, including remaining foreign ownership room, market capitalization, liquidity, and free float. The list is for reference only and was compiled using data as of December 31, 2025.
FTSE Russell will announce the official list along with the weighting of each stock in the index on Friday, August 21, 2026.
