CORRECTED-Vietnam says minister met LSE, FTSE Russell officials on market upgrade
HANOI, Sept 16 (Reuters) - Vietnam's finance minister met officials from the London Stock Exchange and FTSE Russell to discuss a potential upgrade for the country's stock market status, the government said on Tuesday.
"Vietnam has tried to meet the FTSE's upgrading criteria," Finance Minister Nguyen Van Thang was quoted as saying at Monday's meeting, according to the official Vietnam News Agency.
"We have made strong reforms and decisions ... to create favourable conditions for foreign investment capital," he said.
Vietnam is currently classed as a frontier market and has been seeking to be upgraded to emerging market status so it can attract more foreign investment into its stock market.
The overall stock market's capitalisation was around $352 billion at the end of August, according to the government statement. That is equivalent to 73.9% of Vietnam's 2024 gross domestic product.
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