
“Attracting Investment Through Vietnam’s Stock Market and the Journey to International Upgrade”
On August 13, 2025, VIOD, in partnership with VinaCapital, hosted Directors Talk #23 with over 100 online participants, discussing Vietnam’s market upgrade prospects and strategies to attract high-quality international capital.
🎯 Key takeaways:
1. Vietnam has improved infrastructure and governance; FTSE Russell may reclassify it as a Secondary Emerging Market in Sept 2025, with an official upgrade in Mar 2026.
2. Transparency, strong governance, credible leadership, and a sustainable vision drive long-term appeal.
3. Boost bonds, expand funds, and increase institutional investors to reduce bank reliance.
4. Businesses need to improve English disclosures, adopt best governance practices, and strengthen board training.
Ms. Nguyen Hoai Thu – Managing Director, VinaCapital: “Institutional investors seek companies with clear growth, trustworthy leadership, and sustainable governance. Green capital offers cheaper financing, but only firms with a top-down, long-term mindset can capture it.”
Mr. Pham Hong Son, Honorary Chairman, VIOD; Former Vice Chairman, SSC: “Vietnam has moved toward international standards, but to upgrade and keep its position, businesses must raise governance and investor trust.”

Read more articles about the event:
VinaCapital’s Big Boss: There’s No Reason Vietnamese Stocks Are Still in the Marginal Basket
Stocks upgraded but need to avoid being “downgraded” later
High credit balance, need to develop bond channel to “burden” banks
The attractiveness of Vietnamese stocks from the perspective of international investors
This post is also available in:
Tiếng Việt (Vietnamese)