Vietnam is working hard to have its stock market upgraded from frontier status to an emerging market by 2025.

Foreign investors have increased their net buying since the end of September, indicating that they still see the bright prospects of Vietnam’s economy and find its stock market attractive in the medium and long term.

Global investors' attention is shifting to Vietnamese stocks, which have a higher long-term rate of return (ROR) than stocks in other emerging markets in the region and the world.

VOV.VN - Shares of Vietnam’s leading electric vehicle maker VinFast rallied again in New York on August 21 after losing their value for the three consecutive days on the Nasdaq stock market.

Investors of the Republic of Korea (RoK) were net buyers of stocks in Vietnam, at US$9.1 million, in the first 11 days of August, over four times higher than the net buying of US$2.12 million in July, according to the Korea Securities Depository (KSD).

Vietnamese automaker VinFast Auto Ltd and Black Spade Acquisition Co announced on August 14 the completion of their previously announced “Business Combination”.

Inactive cash showed signs of shifting to securities as banks continue to reduce deposit interest rates to below 8% per year, expanding the liquidity of the stock market.

VOV.VN - The Ministry of Finance of Vietnam and major Vietnamese commercial banks will make efforts to promote and support investment plans of Belgian enterprises in Vietnam.

The stock market has reportedly shown positive response to recent interest rate cuts.

The Vietnamese stock market has become a reliable destination for many investors worldwide in recent years, especially those in the Asia-Pacific, said Chairwoman of the State Securities Commission Vu Thi Chan Phuong.