According to SSI Research, Vietnam has met 7 out of 9 criteria for upgrading from FTSE Frontier Market to FTSE Secondary Emerging Market and is close to completing the remaining 2 criteria. Important legal documents have been issued, contributing to the upgrade capability, such as Circular 68/2024 on pre-trade margin requirements and Circular 18/2025 providing guidance for foreign investors. SSI predicts a 90% possibility that Vietnam will be upgraded in October 2025, attracting about 1 billion USD from ETF funds. The list of 15 potential stocks to attract capital mainly consists of bluechips, with the Vingroup group (VIC, VHM, VRE) expected to attract more than 300 million USD. SSI maintains a positive view of the market, predicting that the VN-Index could reach 1,500 points by the end of 2025 thanks to a stable macroeconomic foundation.
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