An important milestone in the market development journey of more than 25 years
On October 8, 2025, FTSE Russell officially announced the upgrading of Vietnam's stock market (TTCK) from the "border market" group to "secondary emerging market".
On the occasion of this important event, Minister of Finance Nguyen Van Thang had a quick interview with the press.
Minister Nguyen Van Thang affirmed: Under the attention and strong leadership of General Secretary To Lam, the Government, the Prime Minister, and the close direction of the Ministry of Finance, the State Securities Commission has implemented a comprehensive reform program to bring Vietnam's stock market closer to the highest international standards and practices".
According to the Minister, the official recognition and upgrading of FTSE Russell is "a crystallization of the correct policies and strong determination of the Government, the close coordination of the State Bank and ministries, branches, the support of market members, as well as the valuable support of the World Bank, FTSE experts and global investment institutions". The Minister sent his commendation to the State Securities Commission, the Stock Exchanges and the Securities Depository and Clearing Corporation for their tireless efforts over the past time.
It can be said that the upgrading of Vietnam's stock market is an important milestone in the development journey over the past 25 years. The official upgrading of FTSE not only opens up great opportunities to attract foreign investment capital, but also demonstrates Vietnam's correct development path and ability to integrate more deeply into the international financial system" - the Minister emphasized.
Upgrading is a development journey, not a destination
Responding to the market development orientation after being upgraded, Minister Nguyen Van Thang said: Upgrading is not a destination but a journey to develop Vietnam's stock market to grow quality, transparently and sustainably. FTSE's official announcement of the upgrade today is only the initial result; we have many higher goals and need to implement them more seamlessly and drastically".
According to the Minister, this upgrade is the result of a series of reforms from the legal framework, technology infrastructure, product and service quality to public investment behavior, marking a comprehensive transformation in quality and integration. In the Project to Upgrade Vietnam's stock market, the goal is not only to maintain FTSE Russell's "secondary emerging market" rating, but also to meet MSCI's criteria and move towards the group of "highly emerging emerging markets" by 2030.
Vietnam's capital market and stock market will witness qualitative changes. Not only accepting high-quality foreign capital flows, the market also requires higher standards on corporate governance and transparency. This is the motivation for management agencies, businesses and investors to raise their level and contribute more strongly to the economy" - the Minister said.
BTCK becomes the main capital mobilization channel of the economy
Sharing about the upcoming orientation, Minister Nguyen Van Thang emphasized: The Strategy for the Development of Vietnam's stock market to 2030 has clearly defined the goal: developing a stable, safe, healthy, efficient, sustainable, sustainable stock market and integrating internationally; becoming a major medium and long-term capital mobilization channel for the economy; at the same time, focusing on developing green finance, sustainable finance and promoting digital transformation".
Accordingly, the Ministry of Finance will direct the State Securities Commission and related units to continue to improve the legal framework, promote modernization and digitalization of market infrastructure, create maximum favorable conditions for domestic and foreign investors, build a transparent, effective and modern stock market according to leading international standards.
The Ministry of Finance hopes to continue to receive the leadership attention of the Party and State, the effective coordination of ministries, branches, international organizations and market members... so that the Vietnamese stock market can not only maintain its current position but also reach higher standards, becoming the main capital mobilization channel for economic development in the new era - Minister Nguyen Van Thang shared.
