Stock market may be upgraded to emerging market

The figure is close to that of the United Arab Emirates, the Philippines, and higher than many emerging markets such as Qatar, Pakistan and Egypt.

With plans of state capital divestment and foreign ownership extension, Vietnam's stock market will be eligible to be upgraded by MSCI to an emerging market by 2020, according to SSI Research assessment. It will take at least a year for MSCI to consult the international investor community.