Vietnam’s stock market has a chance to be upgraded to emerging market status by 2025, potentially attracting 800 million USD from passive investors through the FTSE index and 2 billion USD from other indices. While many large stocks like VIC, VHM, and HPG are expected to benefit, the reality is complicated due to foreign ownership limits. Many large stocks have limited foreign room because of state ownership and strategic investors. Stocks like FPT, MWG, and PNJ often have restricted foreign ownership, forcing foreign investors to pay high prices to acquire shares. Moreover, to be included in indexes, stocks must meet criteria for free float percentage and liquidity. Many experts believe that potential stocks after the upgrade include VNM, VHM, VIC, HPG, and SSI. However, investors should be cautious about foreign cash flows, which are currently under continuous selling pressure, with a total value of over 100 trillion VND in the past year.
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