HCMC (Market Insider) – Vietnam has further strengthened its dominance in the MSCI Frontier Market Index, as the global index provider added three Vietnamese stocks and removed one during its Q4 2025 index review announced early Wednesday (Vietnam time).
Three New Vietnamese Additions, One Deletion
According to MSCI, the Frontier Market Index saw eight new inclusions and two deletions in the latest quarterly rebalancing. Among them, Vietnam contributed three additions — CII (Ho Chi Minh City Infrastructure Investment), MBS (MB Securities), and HVN (Vietnam Airlines) — while CTR (Viettel Construction) was the only Vietnamese stock removed.
After the update, the index’s total number of constituents increased by six to 246 stocks.
Vietnam Still Dominates the Frontier Basket
As of October 31, 2025, Vietnam remains the largest country weighting in the MSCI Frontier Market Index, accounting for 27.75% of the entire basket. Vietnam – 27.75%, Morocco – 13.61% and Romania – 11.40%
Vietnam continues to feature prominently among the top 10 weighted companies, led by: VIC (Vingroup) – 4.75%; VHM (Vinhomes) – 2.21% and HPG (Hoa Phat Group) – 2.18%
These firms remain key drivers of Vietnam’s representation in global frontier market portfolios.
Effective Date and Next Review
The latest adjustments will take effect on November 25, 2025, and are expected to influence passive investment flowstracking the index. MSCI’s next review is scheduled for February 10, 2026 (CEST) — corresponding to the early hours of February 11, 2026, in Vietnam.
Context: Vietnam’s Upgrade Momentum
Vietnam’s consistently high weighting reflects its market depth, liquidity, and ongoing reform momentum as the country positions for a potential upgrade to Emerging Market status in the coming years.
Global investors have been closely watching MSCI’s and FTSE Russell’s assessments, as Vietnam’s move up from “frontier” to “emerging” could unlock billions in new foreign capital inflows.
With this latest rebalancing, Vietnam not only cements its regional leadership within the frontier universe but also strengthens its case as Southeast Asia’s next breakout equity market.
