Vietnam enters new phase of capital market competition
As Vietnam prepares to open its first trading session as an emerging market on September 21 leading global financial institutions have gathered in Hanoi to mark a milestone that signals a new era for the country s capital market and its deeper connection to global capital
On September 18, SSI organized an event in Hanoi to commemorate Vietnam's advancement towards being included in the FTSE Russell Global Equity Index Series. The occasion highlighted the country's progress in strengthening its capital markets and deepening its integration with international capital markets. SSI Vice Chairman Bui Hoang Hai emphasized that the FTSE upgrade was a foundation for Vietnam's market to enter a higher-quality phase of development, serving three key functions: mobilizing long-term capital for businesses, creating a safe and transparent investment environment, and facilitating convenient access for international investors.
Fiona Bassett, CEO of FTSE Russell, praised the milestone as a recognition of Vietnam's commitment to reform, modernization, and collaboration between regulators, exchanges, market participants, and investors. She emphasized that Vietnam is becoming increasingly integrated into global capital markets and is taking on greater international importance.
Duncan Burns, Head of Investment Management and Global Equity at Vanguard, noted that the market upgrade will provide global investors with exposure to Vietnam's future, creating new opportunities for investors in a safer, more transparent, and reliable environment.
Vietnam's stock market began operations in 2000 with only two listed companies, and it spent eight years on FTSE Russell's watchlist before the recent upgrade. SSI CEO Nguyen Duc Thong acknowledged the long journey and the contributions of various institutions, expressing excitement for the future of Vietnam's investment community.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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