Việt Nam has failed to be upgraded to the secondary emerging market status in the latest FTSE Russell classification review. - Photo vnreview.vnHÀ NỘI – Global provider of benchmarks, analytics and data solutions FTSE Russell last week kept Việt Nam on its watch list as a frontier market. Việt Nam was added to the watch list a year ago for possible reclassification to secondary emerging market status. Besides the “clearing and settlement” criterion, Việt Nam needs to improve the “settlement – rare incidence of failed trades” but it needs further information for assessment, according to FTSE Russell. According to FTSE Russell, Việt Nam needs to follow the international practice of delivery and payment, meaning an investor will pay for shares after he receives them.

Source: Viet Nam News September 30, 2019 01:52 UTC