FTSE Russell, a member of the London Stock Exchange Group, stands ready to help Vietnam upgrade its capital market infrastructure to attract stronger inflows of foreign investment, its Global Head of Equity and Multi Asset Gerald Toledano told Minister of Finance Nguyen Van Thang during a working session in Hanoi.

VOV.VN - Prime Minister Pham Minh Chinh has expressed hope FTSE Russell will support Vietnam’s coming upgrade of its stock market from the frontier to emerging market status to attract investment inflows for development goals.

The Korean Exchange (KRX) trading system is expected to be operational this May or June, following a testing phase, the State Securities Commission (SSC) has said.

VOV.VN - The State Securities Commission (SSC) held a working session with representatives from FTSE Russell and Morgan Stanley in Hanoi on November 4 to examine the upgrade of the Vietnamese stock market.

The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.

Foreign institutional investors are allowed to buy Vietnamese stocks without having enough money at the time of purchase from November 2 under Circular No.68/2024/TT-BTC recently issued by the Ministry of Finance.

The elevation of the stock market to "emerging" status can help Vietnam attract an additional US$10 billion in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).

Vietnam remains in the watch list for a possible reclassification from frontier to secondary emerging market status, according to FTSE Russel’s Country Classification review in March.

Vietnam stocks are among the best performers in Southeast Asia to start 2024, and the VanEck Vietnam ETF (VNM) is participating in the rally, reported the US’ etftrends.com on March 19.

Minister of Finance Ho Duc Phoc chaired an investment promotion conference themed “Vietnam – Investment Destination” in Tokyo on March 12, which drew representatives from leading Vietnamese and Japanese financial institutions, banks, life insurance corporations, investment funds, and securities companies.