Vietnam is looking to achieve MSCI's emerging market status by 2030, Focus Taiwan reported, citing the Vietnam Economic and Cultural Office in Taipei.
The efforts are backed by measures to attract investment and reform financial markets, among other things.
The country is in a pivotal phase aiming to become a high-income country by 2045, following nearly 40 years of implementing Doi Moi (Renovation), the report said, citing the office.
FTSE Russell is reportedly planning to upgrade Vietnam to emerging market status on Sept. 21 from frontier status currently, a move expected to attract significant inflows from global funds.
Inflows are already moving to higher value-added sectors, including but not limited to technology, smart manufacturing, and the digital economy, the office said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)