This time, Vietnam’s stock market responded differently compared to the previous two rate cuts with minimal impacts.

Though the current legal regulations allow foreign investors to fully own a local firm, the investors still face hindrances to pour funds into some conditional business lines.

The move reflected Pyn Elite Fund’s view of Vietnam’s positive economic outlook and the robust profit growth of listed companies, as well as its belief in the continuous modernization of Vietnamese financial market.

For the time being, the government would redefine functions and responsibilities of each stock exchange, ensure no overlapping in operations.

The upgrade is likely to widen Vietnam’s access to large funds allocated according to the FTSE Emerging Index, including Vanguard FTSE Emerging Market ETF.