Global index provider FTSE Russell has confirmed that Việt Nam will be upgraded from a frontier market to a secondary emerging market from September 21, according to its latest mid-cycle review released on Wednesday.
Corporate leaders and their families are stepping in to buy shares worth trillions of đồng after a historic market plunge, signalling their confidence in long-term business prospects.
AGMs are emerging as a key test of corporate governance in Việt Nam, with transparency, dialogue and clear commitments increasingly shaping investor confidence and long-term market credibility.
Despite efforts from the financial sector to maintain positive momentum, the sharp declines in several key stocks led to a noticeable weakening in the market.
The highest penalties of VNĐ1.5 billion ($58 million) apply to acts such as falsifying documents to prove eligibility for issuance, or certifying forged documents in offering dossiers.
As Việt Nam''s bank credit-based growth has almost reached its limit, the country needs to shift to the capital market including stocks and bonds to meet its double-digit growth targets in the coming years.
Many industries recorded outstanding growth, mainly due to the low profit base of the same period last year. Some notable industries included fertiliser, securities, retail and petroleum retail.
The State Securities Commission of Vietnam (SSC), in collaboration with the UK Embassy, held a workshop in Hà Nội on Monday to unveil a green bond disclosure handbook designed to boost transparency and advance the green finance market.
The VN-Index could see a 15–20 per cent upside over the next 12–18 months following Việt Nam’s market upgrade, according to VinaCapital Fund Management JSC.