Over $1.2 billion to flow to VN stock market after upgrading to secondary emerging market VietNamNet Bridge - Analysts believe that at least $1.2 billion will flow into the market after the upgrading of the country’s status. At least $1.2 billion will flow into the market According to Bao Viet Securities’ (BVSC) analysts, 28 ETF funds are making passive investments based on FTSE Emerging Markets indexes, with total capitalization value of up to $76.4 billion. BVSC predicted that if Vietnam is upgraded by FTSE to secondary emerging market by March 2020, after the amended Securities Law is ratified by the National Assembly, at least $375.34 million worth of passive investments will be injected into the market from ETF once ETF restructures its portfolios after March 2020. There are four criteria to satisfy listing in FTSE Emerging Markets Index, namely capitalization value, liquidity, foreign ownership ratio and transferable stock ratio. RELATED NEWS … [Read more...] about Over $1.2 billion to flow to VN stock market after upgrading to secondary emerging market
Emerging markets vietnam
Photo papi.vn In June last year, Vietnam’s equity market failed to be added to Morgan Stanley Capital International’s (MSCI) watch list – the US independent provider of research-driven insights and tools for institutional investors, for classification review for a possible lift from a frontier market to an emerging one. However, according to the latest report released by the State Securities Commission (SSC), Vietnam almost meets MSCI’s quantitative requirements to be added onto its watch list for a possible future upwards reclassification. The country has seven stocks that have satisfied MSCI’s quantitative requirements in terms of market size and liquidity. Vietnam has 22 stocks that meet MSCI’s requirement in capitalisation of US$1.59 billion, including the Asia Commercial Bank (ACB), dairy firm Vinamilk (VNM), real estate developer Vingroup (VIC), consumer staple Masan Group (MSN) and steel maker Hoa Phat Group (HPG). Regarding capitalisation … [Read more...] about Vietnam looks to achieve emerging market status
Logos of US multinational technology company Apple. (LOIC VENANCE/AFP) SAN FRANCISCO: Apple cut its revenue outlook for the latest quarter on Wednesday (Jan 2), citing steeper-than-expected "economic deceleration" in China and emerging markets. The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing. Apple shares slid some 7.6 per cent in after-hours trade on the news. The company slashed its revenue guidance for the first fiscal quarter of 2019, ended Dec 29, to US$84 billion - sharply lower than analyst forecasts averaging US$91 billion. "While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China," Apple chief executive Tim Cook said in a letter to investors. "We believe the economic environment in China has been further impacted by rising trade tensions with the United … [Read more...] about Apple cuts outlook, sees “challenges” in China and emerging markets
The Hanoitimes - Vietnam’s government is determined to work for the upgrade of the local stock market to emerging market status soon. In the last annual review published by FTSE Russell, a leading global provider of financial services, in September 2018, Vietnam was added to the watch list for possible upgrade to Secondary Emerging Market in the future, for which the country is projected to reach this status in September 2020 in an ideal scenario, according to Vietnam Dragon Securities Company (VDSC). In general, a country needs to be on the watch list for at least one year before a possible upgrading announcement and then another year before the official reclassification. Recently, Kuwait, China A shares and Saudi Arabia were the newest Secondary Emerging markets. The brokerage looked at each case to see how close Vietnam is to the status. For the case of Kuwait, after being added to the watch list in September 2008, Kuwait had to wait for ten years before … [Read more...] about Vietnam projected to upgrade to secondary emerging market status in 2020: Brokerage
VietNamNet Bridge - The Vietnamese stock market will have opportunities to attract billions of dollars worth of capital if it is upgraded to an emerging market. Vietnam has been added to FTSE's reconsideration watchlist on the secondary emerging market Vietnam has been added to FTSE Russell’s reconsideration watchlist on the secondary emerging market. Banking will get biggest benefits if Vietnam becomes an emerging market. Vietnam’s banks will have to observe the standards in Basel II Accord by 2020, which means that they have to raise regulatory capital to ensure the CAR (capital adequacy ratio). However, experts stressed that the presence in the watchlist doesn’t indicate official upgrading. Vietnam will still be in the watchlist for at least 12 more months before it gets an official upgrade. RELATED NEWS Vietnam closer to key FTSE upgrade Where is foreign capital going? Mai Chi … [Read more...] about Who will benefit if Vietnam is upgraded to secondary emerging market?