FTSE Russell’s upgrade of Vietnam from frontier to secondary emerging market status signals growing confidence from international investors and recognises Vietnam's importance as an investment destination, according to Mariam J. Sherman, World Bank Division Director for Vietnam, Cambodia, and Laos.

VOV.VN - The Vice Chairman and the Global Head of Capital Markets at Nasdaq has congratulated Vietnam on its official stock market upgrade and expressed readiness to cooperate with the State Securities Commission and Vietnamese enterprises in listing, capital mobilization, and related fields.

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.

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.

Vietnam’s economy continued to receive positive assessments in August, including those from the World Bank (WB) that upgraded its growth forecast for this year to 6.1% from 5.5%.

VOV.VN - The Vietnamese economy is forecast to grow 6.1 % in 2024, and 6.5 % in both 2025 and 2026, up from 5 % last year, according to the World Bank’s latest report titled “Taking Stock: Reaching New Heights in Capital Markets”.

World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets.

The Vietnam International Commercial Joint Stock Bank (VIB) has closed a medium-long-term syndicated loan worth US$280 million.

Despite many difficulties due to increasing interest rates, the pressure on the capital market is expected to decrease gradually in 2023, experts forecast.

The steering committee for ASEAN dissemination at the Ministry of Information and Communications (MIC) held a conference in Hanoi on August 4 on the dissemination of information about the Association of Southeast Asian Nations (ASEAN) on the occasion of the bloc’s 55th founding anniversary.