FTSE Russell Upgrades Vietnam to 'Emerging Market', Boosting Masan Group
Vietnam's stock market, a significant player in the global stock market today, is set for a substantial boost with FTSE Russell upgrading its status from 'frontier' to 'emerging market'. This move could attract over $11 billion in foreign capital. Meanwhile, Masan Group, listed as MSN on the Ho Chi Minh Stock Exchange, is poised to benefit from this development and other catalysts.
Masan Group's consumer-retail ecosystem, including WinCommerce and Masan MEATLife, has shown robust growth and operational efficiency in 2025. The group's diversified business segments, ranging from consumption and food to high-tech materials, contribute to its stable growth and resilience. Bao Viet Securities Company projects Masan's 2025 revenue to reach VND85.04 trillion ($3.22 billion) and after-tax profit to be VND3.5 trillion ($132.5 million), up 2.2% and 75.1% year-on-year, respectively.
External factors such as the market status upgrade and a potential HoSE listing for Masan Consumer are seen as catalysts for revaluing MSN in the upcoming period. Foreign capital investment firms, drawn by Vietnam's rising consumer market and Masan's integrated ecosystem, are likely to participate. Short-term stock price volatility may occur during index rebalancing phases, but long-term integration with global markets is expected to benefit Masan.
The upgrade in Vietnam's market status and Masan Group's strong performance position MSN for potential growth. With a recommended 'outperform' rating and a target price of VND106,000 ($4.01) per share, Masan must sustain growth and enhance corporate governance to meet global investor expectations. The influx of foreign capital, driven by positive financial forecasts and increasing international capital inflows, could lead to higher demands for transparency and trading standards in Vietnamese companies.
