Vietnam has some notable ambitions, too.
In 2014, Vietnam formed a commission to explore taking the necessary steps for the country to shed its frontier status and gain entry into the widely followed MSCI Emerging Markets Index.MSCI does not have Vietnam on its list of markets that could potentially be upgraded to emerging markets status. When the index provider recently revealed its annual market classification, Pakistan was the only frontier market highlighted as being a potential candidate for promotion to the MSCI Emerging Markets Index.
SEE MORE: Frontier Market ETFs Diverge from the Pack
Among sectors that are attractive in Vietnam are “Consumer staples and financials. The growing consumer confidence in Vietnam, and a large and young population, are driving the sale of financial and consumer products,” Nguyen told Barron’s.
For more information on Vietnam ETFs, visit our Vietnam category.