It may take Viet Nam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.

The upgrade is likely to widen Vietnam’s access to large funds allocated according to the FTSE Emerging Index, including Vanguard FTSE Emerging Market ETF.

Global provider of benchmarks, analytics and data solutions FTSE Russell last week kept Viet Nam on its watch list as a frontier market.

Large securities companies have made big leaps in their development. The total market share held by the top 10 securities companies increased from 40 percent in 2010 to 70 percent by the end of Q3 2018.

VietNamNet Bridge - Analysts believe that the upgrading of the Vietnam’s stock market from frontier to secondary emerging will occur in 2019, or at the latest in 2020.

VietNamNet Bridge - The eventful first quarter of 2017 ended with the closing VN Index at 722.31 points on March 31.

VietNamNet Bridge - The P/E (price-earnings) ratio of the Vietnamese stock market is 14.3, while the figures are 16.5 in Thailand, 22 in Indonesia, 15.8 in Malaysia and 14.7 in China.