Vietnam boom fuels MSCI dreams

Brokers and investors in Vietnam hope the country’s reforms will enable it to graduate from MSCI’s frontier-market status.
Vietnam hopes to enter MSCI’s emerging-market stock index by the end of 2017
Vietnam hopes to enter MSCI’s emerging-market stock index by the end of 2017

Finance-sector executives in Vietnam, encouraged by the government’s reform agenda and a surge of global investor interest, hope the country will enter MSCI’s emerging-market stock index by the end of 2017.

Those hopes are unlikely to be realised, but highlight the euphoria currently taking place among financial participants.

Phan Anh Vu, deputy CEO at Vietcombank Securities in Hanoi, predicted the stock market would  quintuple in size in the next two years, from today’s capitalisation of $57 billion.

That, he says, will be the result of government intentions to boost privatisation efforts and encourage more participation by foreign portfolio investors.

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