FTSE Russell confirms Vietnam's emerging market status

Vietnam ‌will be added to FTSE Russell's global equity indices beginning on Sep. 21 in phases that will continue into 2027.

An employee points at stock data on a screen at a stock brokerage in HCMC. Photo by VnExpress/An Khuong

FTSE Russell had upgraded Vietnam in October subject to an interim review to determine whether enough progress had been made by the country in enabling access to global brokers.

"The FTSE Russell Index Governance Board confirms that it is satisfied with the ⁠progress made towards implementing the global broker model, which is essential to support index replication," FTSE said.

The decision puts Vietnam on par with markets like India and China and follows market-friendly reforms by the Southeast Asian country. It will also allow many passively managed funds to buy shares of locally listed companies.

Vietnam's benchmark stock index is down 6% so far this year as the war in the Middle East has sapped sentiment. It surged about 41% in 2025, its strongest gain in eight years, as the export-reliant nation posted economic growth of ‌8%.

Separately, ⁠the index provider said Indonesia's status as a secondary emerging market remains unchanged and it is not considering the country for inclusion on its watch list.

Investor confidence in Indonesia, Southeast Asia's biggest economy, has been shaken amid concerns about a lack of transparency around stock ownership and trading. Rival index ⁠provider MSCI warned in late January that the country was at risk of being downgraded.

FTSE said on Tuesday it will continue to monitor the progress of market reforms in Indonesia and engage with ⁠market participants. It will confirm the treatment of Indonesian securities ahead of its June index review, it added.