(Reuters) -Index provider FTSE Russell has upgraded Vietnam to emerging market status, subject to an interim review, in a long-awaited move that could see foreign investors plough billions of dollars into Southeast Asia’s best-performing stock market.

FTSE Russell said on Tuesday that Vietnam’s upgrade from frontier status would be effective on September 21, 2026 and was subject to an interim review in March 2026 to determine whether enough progress had been made in enabling access to global brokers.

The index provider, which added Vietnam in 2018 to its list of markets monitored for an upgrade, noted the progress made by Vietnamese market authorities in evolving its market.

The Communist-run country has adopted key reforms in recent months, including removing last year the full pre-fun

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