Illustration/Tony Gentile

Sources said that Vietnam is planning to relax the stock market settlement procedures for foreign investors, which is the key to persuade the stock index management company to raise the country's status to emerging markets and attract new investment of hundreds of millions of dollars.

Vietnam will follow the Chinese model and allow securities companies to provide guarantee for foreign investors when buying stocks.Regulatory obstacles.

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The Stock Exchange is the smallest among major Southeast Asian economies, and is currently listed as a cutting -edge market by MSCI (Mingsheng) and FTSE Index.This makes many funds, investors and family offices that cannot invest in companies listed here.

People familiar with the matter said that FTSE experts visited Vietnam last week and understood the details that designed to break the new plan that have been over the years.

"Last week's talks with FTSE were positive, Vietnam may be promoted to a second -level emerging market by September 2025," said Le Zi Le Hang, chief strategist of Vietnam SSI SSI.He directly participated in the above plan.

According to the upgrade procedure of Fishi, to meet this schedule, Fishi first needed to announce rating up in September next year, which is six to 12 months earlier than in fact.

If it is successfully raised, Vietnam will join the ranks of Indonesia, the Philippines, Qatar, and China, and will be promoted from the frontier indexes shared by currently not developed markets such as Sri Lanka and Kenya.

According to the new plan, Vietnam will adopt a stock settlement mechanism that can meet the key requirements of FTSE.