32 Vietnamese stocks eligible for FTSE Global All Cap as Vietnam upgrades from frontier to secondary emerging market

FTSE Russell has formally confirmed that it will maintain Vietnam’s upgrade trajectory, moving the market from frontier status to secondary emerging market. In a mid-cycle review for the March 2026 market classification released on April 8 (3:00 AM Hanoi time), the index provider said Vietnam’s upgrade path remains unchanged.

Confirmation of the upgrade path

FTSE Russell’s mid-cycle review results, as noted by the State Securities Commission, confirm the upgrade path from frontier market to secondary emerging market previously announced in October 2025. The review also highlighted progress that supports market access for foreign investors.

Improved access via global brokerage firms

Among the advances cited, FTSE Russell pointed to the ability for investors to access the market through global brokerage firms. The State Securities Commission also noted that the issuance of Circular 08/2026/TT-BTC has established a legal framework for foreign investors to participate through global brokerage firms and has improved the non-prefunding trading mechanism.

Regulators, domestic and international brokerage firms, depository banks, and institutional investors have aligned on the implementation model.

Inclusion timetable in FTSE Russell global indices

Vietnam’s inclusion in FTSE Russell’s global indices will follow FTSE Russell’s standard timetable to support a smooth transition that fits market conditions and investor needs. Implementation will start in September 2026 and be completed by September 2027.

Market implications

The upgrade to secondary emerging market is described as a milestone reflecting global investors’ recognition of Vietnam’s stock market. It is expected to help attract larger international capital, improve liquidity, and strengthen Vietnam’s position in the global financial system.

Vietcap Securities said the confirmation is a pivotal development for the market, placing Vietnam in the same classification group as major markets including China, India, and Brazil.

Reference list of stocks meeting FTSE Global All Cap criteria

Vietcap provided a reference list of Vietnamese stocks that meet criteria for potential inclusion in FTSE Global All Cap. The list includes: HPG, VCB, BID, VHM, VIC, MSN, SAB, FPT, VNM, SSI, DPM, KBC, HUT, SHB, DIG, EIB, DXG, KDH, VIX, VND, PDR, DGC, NVL, VJC, VCI, VRE, GEX, FRT, GEE, BSR, KDC, STB.

According to Vietcap, FTSE Russell screens stocks based on factors such as remaining foreign ownership, market capitalization, liquidity, and free float.

The list is for reference only and was screened by FTSE Russell using data up to December 31, 2025. FTSE Russell will release the official list and weightings for each ticker on Friday, August 21, 2026.

Coordination behind the timetable

The State Securities Commission said Vietnam’s upgrade timetable will proceed as planned, supported by close guidance from the Government, the Prime Minister, and the Ministry of Finance; coordination among relevant ministries and agencies; and cooperation involving the stock exchanges, the Vietnam Securities Depository and Clearing Corporation (VSDC), market participants, and international organizations.