Vietnam officially enters FTSE Emerging Market ranks: Unlocking billion-dollar opportunities for Vietnam’s capital market

Effective September 21, 2026, Vietnam has been officially upgraded to a Secondary Emerging Market by FTSE Russell. This milestone marks a major step in the development of Vietnam's stock market and reflects its deeper integration into global capital markets.

The upgrade recognises Vietnam’s consistent reform efforts over the years, from strengthening its regulatory framework and modernizing market infrastructure to improving market accessibility for both domestic and international investors.

More than USD 20 trillion in assets worldwide are currently benchmarked against FTSE Russell indexes. Therefore, Vietnam’s entry to the emerging-market rank puts the country firmly on the global investment map, opening up greater opportunities to attract substantial foreign capital flows.

The market upgrade is expected to support liquidity, enhance market attractiveness, and broaden opportunities for capital raising, investment, and financial services. At the same time, deeper integration and greater participation by international institutional investors will raise the bar for market infrastructure, data, the quality of investable securities, governance, and the capabilities of market participants.

For businesses, this new landscape also comes with higher standards for corporate governance, disclosure, and standardized credit profiles. Credit ratings and independent assessments such as Second Party Opinions (SPOs) are increasingly important tools for enhancing transparency, strengthening investor confidence, and expanding access to the capital market.

These are the foundations for translating the opportunities created by the market upgrade into long-term capital to support business development and Vietnam’s broader economic objectives, from improving the investment and business environment to advancing innovation, digital transformation, and green growth.

As a member of Vietnam's capital market ecosystem and a strategic partner of S&P Global, FiinRatings looks forward to continuing to support the market through this new phase of development – one marked by greater transparency, deeper global integration, and more sustainable growth.

FiinRatings congratulates Vietnam's stock market on this important milestone!

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