08.10.2025
FTSE Russell, one of the world’s three leading index providers, has announced the upgrade of Vietnam’s stock market from Frontier Market to Secondary Emerging Market, effective September 21, 2026. This marks a significant milestone in Vietnam’s ongoing integration and development of its capital market.
In its announcement on October 8, FTSE Russell recognized notable improvements in Vietnam’s market accessibility, trading infrastructure, and regulatory framework, confirming that the country has met the required criteria for reclassification. The final decision will be reviewed in March 2026, following a scheduled assessment to evaluate Vietnam’s readiness for the upgrade.
The reclassification is expected to enhance Vietnam’s position in global financial markets and attract substantial foreign capital inflows. Analysts estimate that Vietnam could receive US$6-10 billion in additional foreign investment from both active and passive funds following the upgrade.
Over the past year, regulators have implemented key reforms, including shortening the settlement cycle, simplifying procedures for foreign investors, and deploying a new trading technology platform. These initiatives have improved transparency and brought Vietnam’s market closer to international standards, laying the groundwork for this important milestone.
As one of Vietnam’s leading securities firms, Ho Chi Minh City Securities Corporation (HSC) welcomes FTSE Russell’s decision, viewing it as international recognition of Vietnam’s continuous efforts to reform and mature its capital market.
In an era of global capital realignment, HSC reaffirms its readiness to support foreign investors through seamless market access, timely insights, and efficient execution. The company has enhanced its institutional research capabilities, optimized operational systems, and strengthened risk management standards to better serve the growing needs of international investors.
HSC remains committed to supporting the sustainable growth of Vietnam’s stock market by promoting transparency, sound governance, and investor-oriented services, contributing to a more resilient and globally integrated capital market.
HSC has released its Q3 2026 financial statements, reporting revenue of VND 1,182 billion and profit before tax of VND 371 billion, down 15% and 33% year-on-year, respectively, against a high base in Q3 2025. For the first nine months of 2026, HSC recorded revenue of VND 3,634 billion, up 17% year-on-year, and PBT of VND 1,075 billion, in line with the same period last year.
On 2 October 2026, Johan Nyvene, Chairman of HSC, joined “Investing in Vietnam: Rising to a New Era”, held as part of The 31st Asia Securities Forum Annual General Meeting in Hanoi.
HSC has been recognized in the PRIVATE 100 – Top 100 Largest Private Taxpayers in Vietnam, and ranked among the Top 5 securities companies with the largest contributions to the State budget nationwide.