Vietnam says minister met LSE, FTSE Russell officials on market upgrade

"Vietnam has tried to meet the FTSE's upgrading criteria," Finance Minister Nguyen Van Thang was quoted as saying at Monday's meeting, according to the official Vietnam News Agency.

"We have made strong reforms and decisions ... to create favorable conditions for foreign investment capital," he said.

Vietnam is currently classed as a frontier market and has been seeking to be upgraded to emerging market status so it can attract more foreign investment into its stock market.

The stock market's capitalization was around $352 billion at the end of 2024, equivalent to 79.5 percent of gross domestic product, according to the government statement.