
Vietnam has clinched a long-awaited milestone: global index provider FTSE Russell has reclassified the Southeast Asian nation from Frontier to Secondary Emerging Market status. The upgrade, effective September 21, 2026, marks a turning point for Vietnam’s financial markets and positions the country as one of Asia’s most promising investment destinations.
This is not just a label change. The FTSE upgrade signals structural reforms that have modernized Vietnam’s market infrastructure, including the removal of pre-funding requirements for foreign investors and the adoption of advanced trading systems. These changes align Vietnam with international standards, reducing friction for global capital flows and boosting investor confidence.
Analysts estimate $3.5–$6 billion in short-term inflows from passive funds tracking FTSE Emerging Market indexes, with long-term projections reaching $25 billion by 2030. HSBC forecasts inflows of up to $10.4 billion, while the World Bank sees this as a catalyst for deeper liquidity and stronger valuations. Already, Vietnam’s VN-Index surged nearly 50% in 2025, making it Southeast Asia’s best-performing market.
The upgrade opens doors for institutional investors—pension funds, ESG-focused portfolios, and global asset managers—ushering in a qualitative shift toward disciplined, long-term capital. Banking and renewable energy sectors are expected to benefit most, as regulatory reforms lift foreign ownership limits and accelerate green infrastructure projects. However, foreign ownership caps remain in place for certain industries, and accessibility for global brokers will be reviewed in March 2026.
Vietnam’s ascent underscores its ambition to become a regional financial hub. With robust GDP growth, a thriving export economy, and a pipeline of $40 billion in IPOs through 2028, the country is positioning itself as a magnet for global capital. Yet, as markets mature, the challenge will be sustaining reforms and ensuring transparency to maintain investor trust.
Leveraging Big Data and Global Indexing Expertise, BeQ Holdings is now able to anticipate and forecast which companies are likely to be included in the FTSE Emerging Markets Index, in line with its management principles. Once the official list is announced, fund managers will be required to purchase these stocks, creating significant buying pressure. This surge in demand typically drives market prices higher—an opportunity that BeQ Holdings’ Vietnam VNX Superstar Top 10 Fund is strategically positioned to capture
The index is designed in accordance with international standards and is UCITS-compliant, making it suitable for supporting funds, ETFs, derivatives, and structured products.
BeQ Vietnam VNX Superstar Index cover all eligible Vietnam Stocks following FTSE Emerging index. The index is weighted by the full market capitalization, starting at 1,000 on the base date on December 31, 2024.
BeQ Vietnam VNX Superstar Top 10 Index select the ‘best’ top 10 constituents of the BeQ Vietnam VNX Superstar index in term of liquidity, and adjusted capitalization on free float, remaining room. The index is weighted by the adjusted market capitalization, starting at 1,000 on the base date on December 31, 2024.
The Primary BeQ Vietnam VNX Superstar Indexes are calculated in Price Return (PR) format, with Total Return (TR) and Net Return (NR) versions also available. The standard index currency is VND, while additional currency versions—such as AUD, CAD, CNY, EUR, GBP, HKD, JPY, KRW, SGD, USD, and USDC—are provided for overseas investors to reflect their actual performance.

Last Updated: February 27, 2026

Last Updated: February 27, 2026

Last Updated: February 27, 2026

Last Updated: February 27, 2026

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