Tags Secondary Emerging Market VN-Index could gain up to 20% on upgrade from Frontier to Secondary Emerging Market Friday, Oct 10, 2025 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. FTSE keeps VN on watch for reclassification to secondary emerging market Tuesday, Oct 03, 2023 The country has been on the watch since 2018. Viet Nam remains frontier market: FTSE Russell Monday, Sep 30, 2019 No big improvements have been made since FTSE Russell’s last review in September 2018, according to Bao Viet Securities Company (BVSC).