•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
An estimated more than $1.5 billion in passive foreign capital is expected to flow into Vietnam’s market in phases starting from September 2026. The minimum requirements cited include faster order matching, T+2 settlement processing, and real-time risk management capacity, alongside securities firms’ investment in their systems, compliance with FIX Protocol standards, and direct connectivity with international institutional investors.
In an interview on the Talk Show Phố Tài chính, Nguyễn Quang Đạt, CEO of An Bình Securities (ABS), said the outlook is shaped by several factors. He pointed to risks from the real estate market in 2022, higher yields on US and Japanese bonds driven by elevated inflation, and ongoing uncertainties such as trade tensions and geopolitical risks—most recently the conflict between the United States, Israel and Iran.
He also linked the market upgrade to broader economic objectives, saying the upgrade of Vietnam’s stock market has increased the capital market’s role in supporting double-digit growth and reducing pressure on the banking system. The upgrade, he added, is expected to reinforce confidence for regulators and investors and support Vietnam’s efforts to achieve higher rankings at FTSE and MSCI in the future.
Đạt expects that from mid-2026, foreign investors will pause net selling and gradually return to net buying. He attributed this to expectations that inflation will ease after periods of geopolitical tension, and to the stock market upgrade alongside an anticipated wave of IPOs or privatizations, which he described as a catalyst for foreign net buying.
He highlighted a key positive development: Vietnam’s stock market capitalization share is forecast to rise above earlier estimates as global geopolitical risks create opportunities. He noted that the value of market capitalizations in Middle Eastern markets has fallen sharply by about 35–40% recently, which could lift weightings for other emerging markets and create an opportunity for Vietnam’s market.
To increase foreign capital inflows, Đạt said additional measures are required to raise Vietnam’s stock market weight within the emerging market group:
Vietnam’s stock market has officially cleared FTSE’s technical requirements to upgrade the market. Đạt said market participants need to maintain and enhance their capabilities, including:
ABS said it has built a strategy to adapt to the upgraded stock market by increasing its charter capital to VND 3,000 billion in the second quarter, raising its equity base to more than VND 3,500 billion.
Đạt said the capital increase is intended to help ABS provide more solutions for domestic investors and to position the company to cooperate with international organizations in high-value transactions. He added that it also supports refining services and high-end asset-management solutions aimed at sustainable profit growth for investors in the stock market.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
