Macro & monetary
One month after the FTSE upgrade: Passive flows and the MSCI gap
Vietnam became an FTSE Russell Secondary Emerging market on 21 September 2026. ETF flow estimates by tranche, the market's reaction and what MSCI still wants.
Category
Rate cycles, FX, capital flows and their impact on market valuation.
Vietnam became an FTSE Russell Secondary Emerging market on 21 September 2026. ETF flow estimates by tranche, the market's reaction and what MSCI still wants.
Deposit rates rose over a point this year, credit outran deposits and CPI is above 5%. The SBV's October 2026 rate-cut directives, USD/VND and equity impact.
Bank margins and asset quality, foreign portfolio flows and the re-rating case for Vietnam's large caps now that the FTSE upgrade has taken effect.