According to a report from SSI Research, Vietnam has already met 7 out of 9 criteria required to upgrade from FTSE Frontier Market to FTSE Secondary Emerging Market and is nearing completion of the remaining two criteria. This positive outcome is attributed to important decrees such as Circular 68 regarding pre-trade margining and Circular 18 which provides guidance for foreign institutional investors without requiring upfront cash margining. SSI Research expects that Vietnam has about a 90% chance of being upgraded by October 2025, which is anticipated to attract $1 billion from ETF funds. The list of 15 potential stocks includes most Bluechips with foreign room, prominently featuring the Vingroup group (VIC, VHM, VRE), which is forecasted to attract over $300 million net. SSI is optimistic that the stock market will reach 1,500 points by the end of 2025, supported by a stable economic foundation and a low interest rate environment.
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