After two years of record net selling, foreign capital flows in Vietnam’s stock market are expected to gradually reverse in 2026, supported by a more stable exchange rate, improving macroeconomic conditions, and growing expectations of a market upgrade.

The stock market is expected to see new developments next year as several bank stocks that are currently listing on the Unlisted Public Company Market (UPCoM) will move to the main Ho Chi Minh Stock Exchange (HoSE).

As Vietnam's stock market moves closer to an emerging market classification, improving the quality of listed companies is becoming a central policy priority, particularly through the presence of high-quality foreign direct investment (FDI) enterprises and stronger Environmental, Social, and Governance (ESG) practices.

The Vietnamese stock market is on the brink of transformative changes as the government implements new policies designed to facilitate foreign investor access.

Vingroup (HOSE: VIC) is preparing to hit the international markets with a US dollar-denominated bond offering, the State Securities Commission has recently announced, signalling a move to strengthen its financial position and broaden access to global investors.

The State Securities Commission of Vietnam (SSC) is currently exploring solutions to support foreign direct investment (FDI) enterprises seeking to go public amid growing demand for new commodities on the market, said Vice Chairman of SSC Bui Hoang Hai.

Deputy Minister of Finance Nguyen Duc Chi has urged the securities industry to accelerate administrative reform, adopt cutting-edge technology, and continue tackling obstacles hindering market upgrade.

As many as 40 enterprises with capitalisation of over US$1 billion each had been listed on the Ho Chi Minh Stock Exchange (HoSE) by the end of 2024, the bourse has announced.

Binh Son Refining and Petrochemical Company (BSR) has announced its delisting from the UPCoM exchange on January 7, 2025, as it has been accepted for listing on the Ho Chi Minh City Stock Exchange (HoSE).

The Vietnamese stock market has evolved significantly from its earlier rudimentary state.