Vietnam’s ongoing economic growth has boosted investor confidence in the long-term outlook of its stock market, especially with the potential for an upgrade in market classification Sharp upturn backed by upgrade expectations On October 6, the VN-Index surged by 50 points during the first trading session of the week, once again approaching the key 1,700-point threshold. Trading volume also picked up compared to previous sessions, signaling a potential return of cash flows seeking fresh opportunities. The rally was largely fueled by heavyweight stocks. The top 10 contributors accounted for 25 points—half of the day’s total gain. Among them, seven were bank stocks, while the remaining three were VIC, HPG, and VHM. Amid expectations that Vietnam’s stock market will be upgraded by FTSE Russell, large-cap stocks in the VN30 Index have emerged as a strong magnet for capital inflows. Investors anticipate that this group will be included in the index baskets of global foreign ETFs, potentially attracting hundreds of millions of U.S. dollars once Vietnam ascends to a higher market tier. According to FTSE Russell standards, stocks eligible for index inclusion must meet key criteria: a minimum market capitalization of US$150 million, a free-float ratio above 5%, and—if newly listed—at least […]