FTSE Russell names 27 Vietnamese stocks in review
FTSE Russell has added 27 Vietnamese stocks to its global equity indices marking a major milestone as Vietnam prepares to transition to emerging market status in September
On August 21, FTSE Russell announced the results of a semi-annual review of its FTSE Global Equity Index Series, which includes stocks from the Asia-Pacific region. Among the 27 Vietnamese stocks added to the review, six were classified as large-cap: VCB, VIC, and VHM. Three more stocks were added to the mid-cap segment: BIDV, VPB, and HPG. The same six large-cap stocks were also incorporated into the FTSE All-World Index, a major global benchmark for large- and mid-cap stocks.
In the small-cap segment, 21 Vietnamese companies were added, including well-known names like FPT, Gelex, HDBank, Masan Group, and Vinamilk, among others. The list also comprised 90 micro-cap stocks. These changes will take effect on September 19, after the close of trading on Friday, September 18.
This review precedes Vietnam's transition from frontier market status to secondary emerging market status, effective September 21. Vietnam has been actively working on market reforms to enhance its integration into global capital markets. The State Securities Commission of Vietnam has been strengthening its collaboration with FTSE Russell to support these reforms and discuss next steps following the market upgrade.
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