According to SSI Research, Vietnam has met 7 out of 9 criteria to upgrade from FTSE Frontier Market to FTSE Secondary Emerging Market and is close to fulfilling the remaining 2 criteria. Important legal documents have facilitated the upgrade process. SSI estimates a 90% chance of Vietnam being announced for the emerging market upgrade in October 2025, potentially attracting around $1 billion from ETF funds. The list of 15 promising stocks likely to attract capital includes many blue-chips, especially those from the Vingroup group (VIC, VHM, VRE), which are expected to draw over $300 million. Other strong contenders include MSN, VNM, HPG, and VCB. SSI maintains a positive outlook on the market with a projected index of 1,500 points by the end of 2025 and estimates a net profit increase of 14% in 2025. The low-interest rate environment will also support capital inflows into the stock market, with an 8.4% yield compared to an average mobilization rate of 4.6%.
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