Hot alert from FTSE Russell: After the London exchange closes on April 7 (early morning April 8 Vietnam time), they will announce the results of the market classification review.
If it passes this crucial test, Vietnam will officially be upgraded to Secondary Emerging market status, on par with China, India, Egypt, Indonesia…
This mid-term review focuses heavily on the degree of market openness, particularly the expansion of the role of global brokerage firms (global brokers). This is a key factor for international funds to more easily replicate indices and pour capital in.
This is extremely important news for Vietnamese stocks. If the upgrade is successful, foreign capital inflows will surge in the coming period. Folks holding bluechips or banks-steel should keep a close eye on foreign flow movements in the next few days.
What do you all think? Does Vietnam have a shot at the upgrade this time?