FTSE Russell names Hoa Phat, Vingroup, Vietcombank for Vietnam's emerging-market upgrade

FTSE Russell in April announced the upgrade, saying it will start adding the country to its global equity indexes in phases, with 10% of the market capitalisation added in September, an additional 20% in March, and 35% each in June and September of next year.

Vietnam has since 2018 been on the watchlist for entry into the category that also includes China and India.

Vietnam is projected to account for about 0.034% of the FTSE Global All Cap Index, 0.02% of the FTSE All-World Index, 0.329% of the FTSE Emerging All Cap Index and 0.192% of the FTSE Emerging Index, when the upgrade is completed.

Foreign investors have sold Vietnamese equities this year, with net outflows from the Ho Chi Minh Stock Exchange totalling approximately $3.61 billion to date, following $5 billion in net outflows in 2025, according to official data.

Vietnam's benchmark VN-Index closed up 1.95% on Friday, at 1,768. The index has lost 2.82% so far this year, according to LSEG data.