Vietnam's stock market is set to receive a significant boost as it transitions from 'frontier' to 'secondary emerging' status, but the real challenge lies in maintaining this new classification, according to a market watchdog official. This upgrade, scheduled for September 21, 2026, is a result of Vietnam's commitment to reform and its efforts to align with international standards. But here's where it gets controversial: maintaining this status will require more than just regulatory reform; it will demand active cooperation from all market participants, especially listed companies.
The key to success lies in the new legal framework introduced by Law No. 56/2024/QH15 and Decree No. 245/2025/NĐ-CP. These documents aim to enhance market transparency, increase individual accountability, and simplify administrative procedures. For instance, Decree No. 245 eliminates unnecessary administrative requirements and removes rules that duplicate information already available in other databases.
But this is the part most people miss: the real challenge is ensuring the commitment and transparency of market participants, especially listed companies. This is where the controversy lies: while regulatory reform is crucial, it's the active cooperation of all market players that will ultimately determine Vietnam's success in maintaining its new classification. So, what do you think? Do you agree that the active participation of market participants is the key to Vietnam's success in maintaining its new stock market classification? Or do you have a different interpretation or counterpoint? Share your thoughts in the comments below!
