Europe and America continue to overpraise Vietnam, suggesting that Vietnam's financial standing is on par with China's, drawing widespread attention.
On April 7, FTSE Russell, a global financial index provider, released its latest report stating that, after a mid-term assessment, it plans to upgrade Vietnam to a secondary emerging market globally within the next six months. This marks Vietnam’s elevation to the same global financial and economic status as China.
As a subsidiary of the London Stock Exchange in the UK, FTSE Russell’s index ratings have long served as an international financial barometer. Inclusion in this index will make Vietnam more attractive to international investors, helping it attract greater foreign investment.
Overall, this recent upward revision of Vietnam’s financial rating by Europe and America is not only related to Vietnam’s eight years of continuous efforts to reform and integrate into the international financial system, but also reflects Western political needs to adjust supply chains away from China by promoting Vietnam.
After the rating upgrade, Vietnam is expected to receive $6 billion in foreign investment, increasing its share in global emerging market indices to 0.35%.
However, despite Vietnam’s financial index status now being comparable to China’s, the two still differ significantly—by at least a factor of 20. Moreover, Vietnam’s economic infrastructure and basic facilities remain heavily dependent on China, making it vulnerable to financial risks. Even after the rating improvement, Vietnam remains more susceptible to being exploited by international capital.
Original source: toutiao.com/article/1861961141026880/
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