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Frontier Vietnam Yearns for Emerging-Market Rank at MSCI

Vietnam is building its case for an upgrade to emerging-market status at MSCI Inc. to draw more international investors to a stock market one-tenth the size of Singapore’s.

The State Securities Commission has formed a team to study what’s required for an upgrade of the nation’s frontier-market classification, Nguyen Son, the commission’s head of market development, said in an interview. Investors with about $9.5 trillion of assets use indexes compiled by New York-based MSCI to measure performance.