After many efforts from regulators, investors expect Vietnam’s stock market to be upgraded by 2025, potentially attracting $800 million from passive funds and around $4-6 billion from active funds. However, attracting significant foreign capital faces challenges due to the low foreign ownership limit (room) in major stocks, primarily dominated by state and strategic shareholders. Stocks such as VNM, HPG, VIC, VHM, SSI are seen as having high potential for foreign inflows post-upgrade. Additionally, liquidity and listing standards are crucial for stocks to join FTSE and MSCI indices. Despite high expectations, the reality shows ongoing foreign selling pressure, with a total net selling value exceeding 100 trillion VND over the past year.
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