On the morning of October 28 at the National Assembly, Finance Minister Ngô Văn Tuấn responded to delegates' comments on the draft amendments to the Securities Law, after 32 comments in group discussions and 10 speeches in the plenary session. He said FTSE Russell has upgraded Vietnam's stock market from frontier to secondary emerging status, and regulators are continuing to work with MSCI on further assessment and ranking, which he said would attract international funds thanks to greater transparency. The minister stressed that the stock market is a key medium- and long-term capital channel, aiming to mobilize capital of about 40% of GDP to support double-digit growth, and that protecting investors' legitimate rights is the law's most important goal. On staffing, he noted that between 2000 and 2012, more than 180 of the over 300 Securities Commission staff moved to securities firms, underscoring the need for reasonable pay policies.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bộ trưởng Bộ Tài chính: Cơ quan quản lý đang tiếp tục làm việc với MSCI để tiếp tục đánh giá và xếp hạng thị trường
Keywords
VNINDEXMSCIforeign investorsregulationVietnam
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: high
| Market | Vietnam stocks |
|---|---|
| Close on 10/28/2026 | 1,766.65 |
| Change that session | +0.27% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- SSI Research Director projects a scenario of USD 10 billion flowing into Vietnam's stock market
Phạm Lưu Hưng, Director of Analysis at SSI Research, says MSCI values real implementation over new policies, so Vietnam should remove bottlenecks rather than wait for funds leaving Indonesia. Progress has emerged on free-float and foreign ownership, while the central counterparty (CCP) mechanism could be rolled out in Q1/2027 or by Q2/2027 at the latest. In the base case, Vietnam could be placed under review in 2028 and formally upgraded in 2029, and an earlier CCP launch could bring the timeline forward by a year. He estimates that total assets under management of MSCI-tracking funds could exceed USD 2,000 billion at the time of upgrade, and that a 0.5% weight would imply potential inflows of about USD 10 billion, possibly staged in tranches running until around 2030 in the base case.
- Brokerage charts VN-Index path for 2027, target 220 points above current level
SSI Research sets a base-case target of 1,940 points for the VN-Index in its 2027 investment strategy outlook, 219 points (about 13%) above the 1,720-point close on Oct. 12, based on expected market-wide earnings growth of 10.1% in 2027. The first half of 2027 may remain choppy due to high interest rates, with a more sustainable recovery expected in the second half if rates ease and foreign capital returns; Vietnam's GDP is forecast to grow 9–9.5% in 2027. Earnings growth is set to slow from 30% in 2026, though SSI says this is partly priced in, as the VN-Index is down about 9% from its 2026 peak and the index excluding Vingroup-linked stocks has fallen about 16% since early September 2025. Vietnam meets 10 of 18 MSCI market-accessibility criteria, and flows from FTSE-tracking passive funds are seen as an important liquidity driver. Key risks include credit growing faster than borrowers' cash generation, high global bond yields, tariff uncertainty and geopolitical tensions.
- October 28 session: foreign investors extend net selling, and one blue-chip stock sees 260 billion VND in net outflows
The VN-Index closed the October 28 session up nearly 5 points at 1,766 points after several swings during the day, with trading value on HoSE exceeding VND 15,000 billion. Foreign investors net sold about VND 252 billion across the market, including VND 267 billion on HoSE, while they net bought VND 15 billion on HNX and VND 0.3 billion on UPCOM. On HoSE, FPT had the largest net selling at VND 260 billion, followed by VPL and GMD, while TCB drew the largest net buying at over VND 172 billion, followed by MSN and VCB at VND 90 billion and VND 78 billion. On HNX, IDC led net buying at VND 15 billion, while MBS faced net selling of VND 2.5 billion.
- Market Pulse, 28/10: Stocks Fluctuate Around Reference Level as Sectors Diverge Clearly
At the midday break, VN-Index stood at 1,762.31 points and HNX-Index at 259.57 points, both hovering near the reference level. Market breadth tilted toward sellers, with 309 stocks declining and 250 advancing. VCB was the most positive contributor to the index at 1.76 points, while VHM, VPB and VIC together pulled it down by 1.57 points. Foreign investors net sold VND 263.79 billion across all three exchanges, mainly FPT (VND 125.6 billion) and VPL (VND 64.49 billion), while TCB led net buying at VND 65.79 billion.
- Market Pulse 28/10: VN-Index narrows losses on VIC and VCB, net selling pressure weighs on FPT
At 10:30, VN-Index stood at 1,761.04 points, down 0.83 points, and had recovered nearly 4 points from its 9:30 level, narrowing the decline. Matched liquidity rose to over 2,785 billion VND from over 683 billion VND at 9:30, with negotiated deals of about 505 billion VND. Breadth across the three exchanges leaned toward sellers, and foreign investors were net sellers of about 135 billion VND, including about 70 billion VND in FPT. VCB, VIC and STB provided the main support for the index, while VHM, VPB and ACB exerted the most downward pressure.
- “Shark” with over VND 23,000 billion sells millions of shares, still holds nearly 8% of company
Finnish fund PYN Elite Fund sold 1,038,000 DSE shares of DNSE Securities through order matching on the October 20, 2026 session, reducing its stake from 8.2% to 7.95% of charter capital and leaving it with over 34.06 million shares. DSE closed October 27 at VND 19,900 per share, making the shares sold worth about VND 2 billion and the remaining stake worth about VND 678 billion. Managed by Petri Deryng, the fund has over 27 years of experience in Asian markets and has invested in Vietnam since 2013, with assets under management of about €805 million (over VND 23,400 billion) as of its September report. The fund fell 6.34% in September versus a 3.5% drop in VN-Index and is down 12.67% year to date, with its largest holdings being STB (18.2%), HPG (14.3%) and MWG (10.2%). The fund still holds a positive long-term view of Vietnam's stock market, arguing that recent price declines have not fully reflected the underlying fundamentals.
Related markets
Latest news
- Alphabet, Microsoft to report; Fed decision ahead - what's moving markets
U.S. stock futures were mixed ahead of a run of key tech earnings and a Federal Reserve rate decision, with Nasdaq 100 futures up 0.6% and Dow futures down 0.2% at 04:02 ET. Alphabet and Microsoft lead the post-market earnings slate, while South Korea's SK Hynix reported third-quarter operating profit up 632% from a year earlier to 83.33 trillion won, above Bloomberg estimates of 77.5 trillion won. The chipmaker plans to return a total of 100 trillion won to shareholders this year, and its shares jumped over 10% in Seoul. The Fed is tipped to keep rates unchanged after its first hike since 2023 in September, though there is currently a three-in-four chance of another hike at its December meeting. Analysts expect close scrutiny of Fed Chair Kevin Warsh's press conference, though he has long resisted giving forward guidance.
- Bitcoin has soared 50% on average after midterms. The S&P 500 has gained 15%.
According to CoinDesk data, bitcoin rose an average of 53.7% in the 12 months after the past three U.S. midterm elections, excluding 2010, while the S&P 500 has averaged a 15.17% gain in the year after midterms since 1950, according to Hartford Funds. The article notes that bitcoin's four-year halving cycle may better explain those rallies, since its bear markets played out in midterm years: 2014, 2018, 2022 and now 2026. Ahead of the Nov. 3 midterms, a Democratic takeover of at least one chamber of Congress could intensify disputes over federal debt, defense spending and President Donald Trump's crypto ties, though markets have largely priced in divided government. Bitcoin is trading around $80,000 after bouncing more than 35% from below $60,000 in June.
- Vietnamese tycoon selling iPhones is lending VND 100 billion to billionaire Pham Nhat Vuong's company
Digiworld (DGW) reported third-quarter 2026 net revenue of VND 11,022 billion, up 49%, and after-tax profit of over VND 278 billion, up 65%. For the first nine months, revenue reached VND 26,796 billion and after-tax profit reached VND 789 billion, double the same period last year. The company has completed about 85% of its full-year revenue plan and exceeded its after-tax profit target of VND 660 billion by nearly 20%. Its securities investments, however, posted a net loss of nearly VND 8 billion from settled trades, and the cost of its stock portfolio fell over 74% from the start of the year to nearly VND 200 billion. Digiworld held over VND 695.8 billion in bank and corporate bonds at September 30, including more than VND 100.4 billion in bonds from Cần Giờ Urban Tourism JSC, a Vingroup subsidiary, at 10.5% annual interest maturing on November 6, 2026.
- 2 Popular AI Stocks to Sell Before They Drop 57% and 60%, According to Wall Street Analysts
Brent Thill at Jefferies has set an $80 target price for Palantir (PLTR), implying 60% downside from its current $199 share price, and argues its valuation does not make sense despite 93% revenue growth in the second quarter. Palantir trades at 78 times sales, the highest in the S&P 500, while most analysts' median target price is $223 per share. Mehdi Hosseini at Susquehanna has set a $15 target price for Super Micro Computer (SMCI), implying 57% downside from $35. The article highlights governance and export-control risks, after federal prosecutors charged three individuals with conspiring to divert $2.5 billion in AI servers to China, and notes Super Micro trades at 11 times earnings.
- MSFT Dips Premarket Ahead Of Q1 Report: Analysts Expect Azure Acceleration As Management Faces Questions On Massive Employee Buyout
Microsoft (MSFT) stock dipped 0.4% in premarket trading ahead of its fiscal first-quarter report after the close, though it trades near an all-time high. Analysts expect revenue to rise 17% to $90.74 billion and adjusted profit to increase 14% to $4.72 per share, with focus on Azure growth (43% in fiscal Q4 FY26) and capex plans of more than $50 billion in the quarter. The company recently announced a voluntary exit plan, for which around 60,000 people, or about 27% of its 223,000-person workforce, are eligible according to media reports, and management may face questions on it on the analyst call. At least three brokerages raised price targets this week, and 54 of 57 analysts rate the stock Buy or higher, with an average target of $605.12, implying 14% upside from Tuesday's close.
- Securitize adds Stellar blockchain as institutional tokenization gathers steam
Tokenization platform Securitize (SECZ) has added Stellar to the blockchains it supports, alongside Ethereum, Solana and Avalanche. The move was announced at Meridian 2026, the Stellar Development Foundation's annual conference in Portugal. Securitize says Stellar is fast and scalable, and that decentralized assets on it can be configured for KYC, clawbacks and sanctions compliance. Franklin Templeton runs a tokenized money market fund on Stellar, and MoneyGram moves money across it daily. Stellar went public on the New York Stock Exchange in July, and its shares rose as high as $13.70 on the first day of trading.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.