Wednesday, July 17, 2019 9:35:22 PM - Markets open
VN-INDEX 982.57 +0.46/+0.05%
HNX-INDEX 106.58 +0.73/+0.69%
UPCOM-INDEX 57.05 -0.25/-0.44%
Status upgrade may help Vietnam securities market attract 4.5 billion USD
VietnamPlus - 1/21/2019 11:48:50 AM
 (0 ratings. You must sign in to rate.)
A status upgrade may help the Vietnamese security market attract some 4.5 billion USD in investment, according to experts from the Military Bank Securities (MBS).
In the MBS’s most optimistic scenario, the Morgan Stanley Capital International (MSCI), a global leading provider of research-based indexes and analytics, would put Vietnam on the watching list for potential reclassification to the emerging market status in June 2020 and officially get the upgrade one year later at the earliest. 
Large caps like VNM, VIC, VHM and HPG are expected to be added to the MSCI Emerging Market Index.
Regarding momentum for the Vietnamese stock market in 2019, MBS experts said that it comes from forecast of strong economic growth, robust profit expansion of local firms, and positive capital flow into the Vietnamese market.
However, the market will face potential risks of US Federal Reserve’s interest rate hike and the US-China trade war.
In June, 2018, the MSCI decided to hold Vietnam’s status in the equity market in the Frontier Markets Index until 2019.
According to MSCI, the promotion of the Vietnamese equity market would depend largely on the improvement of eight items: foreign ownership limits, foreign room levels, equal rights for foreign investors, foreign exchange market liberalisation levels, information and market regulation English disclosure, clearing and settlement, and transferability.
Meanwhile, Vietnam was one of three countries added onto FTSE Russell’s watch list for a possible future upwards reclassification last year.
In its annual country classification review published in September 2018, the UK-based data service provider said Vietnam “is currently classified as a Frontier market and is being added to the watch list for possible reclassification as Secondary Emerging.”-VNA
Read original article here
Newer News
16/07 HOSE releases updates for VN30 basket
15/07 Calls for insider traders to be dealt with criminally
12/07 Shares extend rally on credit growth limit relaxation
11/07 Shares advance for second day on foreign buying
10/07 Deutsche Bank's restructuring not expected to harm VN market
09/07 Securities firms warn listed businesses may struggle to meet EVFTA standards
08/07 VN stocks may keep rising, driven by corporate earnings
05/07 Transparency needed for healthier corporate bond market
05/07 VN stocks up, earnings hopes raise market sentiment
04/07 Vietnamese shares drop as worries persist over global slowdown
Older News
17/01 Shares subside as investors remain cautious
16/01 Funds suffer losses on poor market performance
02/01 Việt Nam equity market to thrive in 2019
19/12 Shares fall on world stocks sinking
17/12 Shares to grow slower in next two weeks
04/12 HNX collects $415m from share auctions in November
03/12 HNX-30 Index continues to underperform
26/11 Markets drop after recovery
19/11 Market short-term outlook remains negative
15/11 New securities law sparks concerns from expert
Newsletter Signup
Top Stories
Credit institutions warned about P2P lending
CPTPP boosts export opportunities in Japan
Deutsche Bank's restructuring not expected to harm VN market
VN to boost professional real estate brokers
Việt Nam's insurance industry keeps thriving in H1 2019
Market Update
Last updated at 3:09:27 PM
VN-INDEX 982.57 +0.46/+0.05%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.