Vietnam's stock market is striving for an upgrade to emerging market status by September 2025, driven by key strategic initiatives. Deputy Finance Minister Trần Quốc Phương highlighted the government's commitment to meeting international rating agency criteria.
A major step is the launch of the KRX system on May 5, 2025, an advanced IT platform designed to improve trading efficiency and risk management. This system introduces enhanced features for transaction processing and payment.
Regulatory Changes
Circular 68/2024/TT-BTC has already removed a significant barrier by allowing foreign institutional investors to place buy orders without upfront funds. Decree 155 is under review to clarify foreign ownership limits for public companies, enhancing transparency. Omnibus trading accounts are also being introduced to simplify transactions for foreign funds.
To ensure continuous dialogue, a policy dialogue group will be established, comprising regulators and market participants. While FTSE Russell currently classifies Vietnam as a frontier market, the government is focused on achieving the upgrade. These reforms aim to boost investor confidence and attract greater capital inflows.