Morgan Stanley Capital International (MSCI), a leading global provider of research-based indexes and analytics, has added three Vietnamese stocks to MSCI Frontier Markets Index.

One year after failing to enter the Morgan Stanley Capital International (MSCI)’s watchlist for a market status upgrade, it is still uncertain if Vietnam will make it this year despite efforts made to improve market conditions.

Vietnam remains in the FTSE Russell’s watch list for a possible future upwards reclassification, according to the annual country classification review published by the UK-based data service provider.

Upgrading the stock market into an emerging market is one the Vietnamese Government’s key goals, with a view of attracting more foreign investment.