HO CHI MINH CITY -- Market index provider FTSE Russell upgraded Vietnam to secondary emerging market status, from frontier, a change expected to bring billions of dollars into the stock market as investors add the communist country to their portfolios.
Equities
FTSE Russell grants Vietnam stock market secondary emerging status
HSBC forecasts $10bn inflow from foreign passive funds, $3bn from active funds
Vietnam recently met the two final criteria for secondary emerging market status: letting foreigners buy stocks without prefunding and creating a system to handle failed trades. © Reuters
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