Vietnam's State Capital Investment Corp (SCIC) plans to exit stakes in 66 companies by 2030, freeing capital and potentially increasing tradable shares as the country nears an FTSE upgrade to emerging-market status. According to Tin Nhanh Chung Khoan, SCIC will sell its entire holdings in 66 firms while retaining stakes in 21 others. This divestment aligns with reforms ahead of Vietnam's anticipated reclassification, which could attract foreign investment.

The strategy aims to optimize state asset management and enhance market liquidity, though analysts caution about short-term volatility. The move underscores Vietnam's efforts to deepen its financial markets ahead of broader international integration. SCIC's actions are closely watched as a bellwether for market liberalization. FTSE's upgrade could position Vietnam as a key emerging market play, with reforms like this one seen as critical to achieving investment-grade criteria. The timeline spans 2026 to 2030, with 66 companies targeted for full divestment and 21 retained for strategic holdings.

Market participants anticipate this could boost share supply and investor confidence.