Vietnam’s Government has approved a project to upgrade Vietnam’s securities market, based on solution packages proposed by the Vietnam State Securities Commission to meet international market classification criteria. The plan sets short-term objectives to meet all requirements to be upgraded from FTSE Russell Frontier to FTSE Russell Secondary Emerging in 2025, and to maintain the FTSE Russell Secondary Emerging classification thereafter. Longer-term objectives through 2030 focus on meeting criteria for an upgrade to MSCI Emerging Markets status and to FTSE Russell Advanced Emerging status.