FTSE Russell announced in its mid-year review on Tuesday that the index provider will elevate Vietnam from frontier market status to emerging market status in September, marking the final approval of this long-anticipated move. According to a statement from the index provider, Vietnam will be incorporated into the FTSE Russell global equity indices in phases starting September 21, with the process continuing until 2027. Vietnam's benchmark stock index has declined 6% year-to-date, as conflict in the Middle East has dampened market sentiment. In 2025, the index surged approximately 41%, its largest annual gain in eight years, as the export-dependent economy achieved 8% economic growth.