Vietnam’s stock market to broaden its product slate in 2026 with infrastructure bonds, carbon market, and expanded derivatives

New products of the stock market For years, investors in Vietnam’s stock market have largely been accustomed to trading in spot underlying securities. However, with the market’s development and expansion, trading formats have become increasingly diverse—from margin trading to derivative products. Going forward, the product lineup and trading mechanisms on the market are expected to continue expanding, tied to the development of modern information technology infrastructure and the comprehensive efforts by regulators as well as market participants; thereby better meeting investors’ needs for investment and risk management. In 2025, one of the notable highlights of the stock market was the introduction of a new information technology system (the KRX system) officially put into operation from May. The deployment of the KRX system is a prerequisite for deploying new products and diversifying the investment universe. Accordingly, upgrading and adding new products for the stock market is among the sector’s key plans. In 2026, the Stock Exchanges and the Vietnam Securities Depository and Clearing Corporation (VSDC) are tasked with proposing, building new products, new indices, and new markets to enhance the market’s attractiveness to investors. Under this approach, a large number of products are being studied and deployed. Regulators will study introducing new bond types such as infrastructure development bonds, sustainable bonds, and green bonds. The carbon credit trading market is also being built and expected to be a breakthrough highlight, projected to become a new investment channel in 2026, helping broaden the space for capital formation on the market. Additionally, the derivatives market is expected to be more active, alongside the VN100 contract that was launched in October 2025; it is expected to see many new derivatives products such as options contracts, derivatives on other underlying assets such as gold derivatives... The system of underlying indices used as the assets for the derivatives market will also be diversified through cooperation with international index providers. To improve investor structure, the market will focus on developing pension funds and various index fund types (ETFs) to attract participation by non-professional individual investors through these institutions; or study the deployment of listed depository receipts (DR) to support domestic high-quality enterprises access and attract international capital. The fund market is also oriented to create a safe, professional investment channel. According to the fund development plan, by 2030 the net asset value (NAV) of equity funds should reach 5% of GDP and increase subsequently to reach double-digit growth by 2035. The number of investors holding fund certificates should reach 2.5 million by 2030 and grow to 5 million by 2035. One notable development story lately is that the stock market has lacked fresh supply and become overly concentrated, with large-cap stocks primarily from banks and real estate. Many sectors that attract institutional investors and foreign funds have only a few standout stocks. Accordingly, various solutions are being proposed to unlock this bottleneck. In 2026, the market is expected to receive more listings through large IPO waves across multiple sectors. Meanwhile, the government has tasked the Ministry of Finance to establish separate rules for startups and tech-based enterprises, with the potential for dedicated trading boards focusing on projects and future profitability rather than requiring immediate profits at listing. This would allow technology firms or fast-growing startups to go public, broadening investment options for investors. Looking further ahead, the Central Counterparty mechanism (CCP) will be advanced to be ready for operation by 2027. CCP acts as an intermediary to ensure smooth settlements even in the presence of risk. This mechanism is a necessary condition for deploying modern trading utilities such as non-prefunding trading, intraday trading, and selling securities on settlement. It is a key criterion that international rating agencies and large investors await, as it helps ensure asset safety to global standards. Overall, 2026 is expected to open a door to a complete and diverse stock market. Investors will be offered a range of commodities and instruments that attract both domestic and foreign capital flows. Chia Kien (Author) FILI 13:00 17/02/2026 Mã chứng khoán liên quan (1) CCP Tổng Giám đốc FTSE Russell: Thông tư 08 đã thúc đẩy hoạt động đánh giá nâng hạng On the afternoon of February 5, 2026, at its headquarters, the Chairman of the State Securities Commission (UBCKNN), Vũ Thị Chân Phương, met and discussed with FTSE Russell’s CEO, Fiona… Sở Giao dịch Chứng khoán Việt Nam làm việc với FTSE Russell về lộ trình nâng hạng On February 5, the Ho Chi Minh City Stock Exchange (VNX) held talks with FTSE Russell to review the progress of index collaboration and discuss future directions… Thị trường chứng khoán có chuẩn quản trị mới tiệm cận quốc tế The State Securities Commission officially announced the Vietnam Corporate Governance Principles 2026, updated in line with G20/OECD practices, creating a benchmark governance framework… TTCK Việt Nam có khung pháp lý mới cho dòng vốn ngoại từ ngày 03/02/2026 The Ministry of Finance issued Circular 08/2026/TT-BTC, allowing foreign investors to place orders through a local intermediary and adjusting the no-prefunding trading regime… Đến cuối năm 2025, quy mô vốn hóa thị trường chứng khoán tăng gần gấp đôi so với năm 2020 In a report presented at the Party Congress, the Finance Minister stated that by 2025 the stock market would be upgraded, and its scale would nearly double compared with 2020. Moving into 2026, VSDC and regulators will continue to advance… Những sản phẩm mới của thị trường chứng khoán Over the years, investors in Vietnam’s stock market have largely been familiar with the on-spot trading of underlying securities. However, with market development and expansion, trading forms are increasingly diverse—from margin trading to derivatives. *Note: The above summarizes the main points and additional related headlines from FTSE Russell, VVSC, and Vietstock sections.* Hotline: 0908 16 98 98 Vietstock