Reviewing fourcriteria for Vietnam’s equity market, FTSE Russell said three criteria failedto be met, including the rate of failed payment and transactions, permissionfor foreign exchange trade and account management for foreign investors. Thederivatives market development has been upgraded to the “limited” level.
The Bao VietSecurities Company (BVSC) noted that even if Vietnam meets all the nine necessarycriteria, it will take at least additional year for the country to be upgradedto an emerging market.
At theearliest, the upgrade to Level-2 emerging market will be announced in the annualreview in September 2019, it said.
The BVSC isoptimistic about the prospect as the Vietnamese Governmentis refining the amended Securities Law to help Vietnam be upgraded to emergingmarket status by FTSE and Morgan Stanley Capital International (MSCI). -VNA
