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FTSE Russell announces results of September 2025 semi-annual country classification review for equities and fixed income
Vietnam to be reclassified from Frontier to Secondary Emerging market status
FTSE Russell, the global index provider, has published the results of its annual country classification review for countries monitored by its global equity and fixed income indices.
FTSE Russell is pleased to announce that Vietnam will be reclassified from Frontier to Secondary Emerging market status with an effective date of Monday 21 September 2026 subject to an interim review in March 2026. This is to determine whether sufficient progress has been made in enabling access to global brokers, which is essential to support index replication and meet the needs of the international investment community. FTSE Russell recognises the progress made by the Vietnamese market authorities in evolving its market by removing the prefunding requirement for Foreign Institutional investors (FII) with the implementation of a non-refunding (NPF) model and establishing a formal process for handling failed trades. FTSE Russell acknowledges that Vietnam has met all the criteria of the Secondary Emerging market status under the FTSE Equity Country Classification Framework. FTSE Russell will continue to monitor developments closely and welcomes feedback from index stakeholders to enable the reclassification to proceed as planned in September 2026.
Mr. Nguyen Van Thang, Minister of Finance of Viet Nam, says: “Over the past two years, under the leadership of the Government, Prime Minister, and with the close guidance of the Ministry of Finance, the State Securities Commission has implemented a comprehensive reform program to align Vietnam’s securities market with highest international standards. The official recognition and upgrade of Vietnam’s securities market is clear evidence of the country’s sound development path and its growing capacity to integrate deeply into the global financial system. The Ministry of Finance remains committed to advancing deeper and broader reforms, maximising accessibility for both domestic and international investors, while accelerating the modernisation and digitalisation of its market infrastructure – with the objective of establishing an increasingly transparent and efficient market.”
More information on the September 2025 Announcement – Equity and September 2025 Announcement – Fixed income can be found on LSEG website. The next update will be published in April 2026.
Source: LSEG
