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FTSE to add 27 Vietnamese stocks to benchmarks from Sept. 21

The changes raise Vietnam’s index weight to 0.49%, and Vietcap expects potential index flows up to $3 billion versus $2 billion earlier.

Reported · Written up by our desk · Emerging Markets

FTSE Russell said 27 Vietnamese stocks will be added to its benchmarks, effective Sept. 21, expanding the country’s inclusion after an earlier plan to add 23. The updates apply to FTSE Russell’s emerging-market gauge, and Vietnam’s weight will rise to 0.49% from the level implied by the prior review, according to Vietcap Securities JSC.

The expected inflows could reach $3 billion, compared with $2 billion previously projected, as index flows rise with the higher weight, Vietcap director Anthony Le said. FTSE also listed Vingroup JSC, Vinhomes JSC, Hoa Phat Group JSC, and Masan Group Corp. among the companies slated for addition across large-, mid- and small-cap indexes, while another 90 stocks were earmarked for micro-cap inclusion that will not be included in the widely tracked emerging-market gauge.

For context, Vietnam’s stock market has faced persistent selling by foreign investors, with flows totaling more than $3 billion this year, according to the report. That has left the VN Index trailing the MSCI ASEAN Index by the widest margin since 2022, even though Vietnam is still described as one of the world’s fastest-growing economies.

Shares in Vietnam’s VN Index moved higher after the announcement, rising as much as 1.4% on Monday. The report also notes that implementation will be phased through September 2027, which could mean passive inflows build gradually, while risks include potential pressure from firmer global oil prices tied to Middle East tensions and fallout from a diamond scandal at Phu Nhuan Jewelry JSC.

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