FTSE Russell confirmed on Tuesday it will upgrade Vietnam to emerging market status from frontier status in September based on an interim review, the final seal of approval for the long-awaited move.
Vietnam will be added to FTSE Russell’s global equity indices beginning on September 21 in phases that will continue into 2027.
FTSE Russell had upgraded Vietnam in October subject to an interim review to determine whether enough progress had been made by the country in enabling access to global brokers.
“The FTSE Russell Index Governance Board confirms that it is satisfied with the progress made towards implementing the global broker model, which is essential to support index replication,” FTSE said.
The decision puts Vietnam on par with markets like India and China and follows market-friendly reforms by the communist-ruled Southeast Asian country. It will also allow many passively managed funds to buy shares of locally listed companies.
