SSI Research has just released the May 2026 stock market report, which states that Vietnam is highly likely to be included in MSCI's ranking monitoring list in the June 2026 review period. Currently, the market has met 10/18 criteria for MSCI's market access and is continuing to improve on all remaining criteria.
Many significant advances have been recorded, including the effective implementation of the Non-Prefunding mechanism, the roadmap for applying central compensation partners (CCP) is going according to plan, as well as expanding risk hedging tools through VN30 index futures contracts.
In addition, the level of information transparency continues to improve, reflected in the increase in English announcements from management agencies and listed companies. Regarding foreign ownership limits, the actual ratio on HOSE increased from 41.4% to 46% in April 2026, mainly thanks to large-cap enterprises newly listed with 100% "foreign room".
Thanks to these improvements, 17/18 assessment criteria have now approached the basic meeting level. The remaining challenge mainly lies in the liberalization of the foreign exchange market - a complex but not absolutely barrier criterion, as many emerging markets currently also do not fully meet the requirements.
It is known that recent discussions on allowing commercial banks to provide exchange rate risk hedging tools are seen as positive signals, thereby further strengthening expectations for an important step forward for the market in the coming time.
Also according to the SSI Research report, FTSE Russell has updated the list of stocks that meet the conditions based on groups not belonging to the basket of components. This list is now shortened to 23 codes, instead of 32 codes as before.
The official list will be announced before the FTSE GEIS index review in September 2026. Changes from this semi-annual review are expected to be announced from August 21, 2026.
Regarding capital flows, estimates from ETF funds based on the FTSE index set show that total cash flow that may enter the Vietnamese market reaches about 1.3 billion USD. Among them, large funds such as Vanguard Total International Stock ETF and Vanguard FTSE Emerging Markets ETF are forecast to contribute significantly.
By stock, VIC leads in capitalization and estimated cash flow with about 498 million USD, equivalent to about 14.6 trading days. Other codes such as HPG (115 million USD), VHM (99 million USD), FPT (69 million USD) and MSN (63 million USD) are also in the group attracting large capital flows.
The banking group recorded many notable representatives such as VCB, STB, SHB and BID, while real estate stocks such as VRE, NVL, KBC or KDH also appeared in the list.
