According to data from FiinTrade and SSI Research, ETFs posted a net outflow of over 210 billion VND between May 12 and 16, marking the second consecutive week of withdrawals.

The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

Vietnam’s securities market may be upgraded to the emerging market status from its current frontier market by 2020, according to the latest SSI Retail Research.