- Vietnam's stock market entered FTSE Russell's secondary emerging-market ranks on Monday, capping a yearslong effort to meet the index provider's criteria.
- The upgrade opens the door to billions of dollars from global investors, with Vanguard pledging $2.5bn as investors welcomed the move.
- Investors noted that reforms in Vietnam's market continue even after the index inclusion.
Quotes
“Vietnam's stock market entered FTSE Russell's secondary emerging-market ranks on Monday, capping a yearslong effort to meet the index provider's criteria and opening the door to billions of dollars from global investors.”
“Vanguard pledges $2.5bn as investors welcome upgrade, while noting that reforms continue”
“Investors say the move could attract fresh foreign capital.”