Index Investing: From Theory to Practice · Dr MAI Huu Minh, TRAN Phan Bao Ngoc & HUYNH Nguyen Quoc BuuChapter 35 of 37 · Module 7: Latest index trends and innovations
CHAPTER 35
Indexes in Vietnam: The New Generation
Market upgrade, ESG and carbon — the next indexes for Vietnamese investors
Opening question
“Vietnam is now an emerging market, it has a carbon exchange and a green taxonomy. Will I soon be able to buy a Vietnamese ESG or low-carbon index fund — and would it be worth owning?”
In this chapter
- What the FTSE Russell upgrade and the reforms behind it change for index investors in 2026–2027
- Vietnam's index landscape: exchange indexes, provider indexes and the new organisation of the exchanges
- ESG in Vietnam: the VNSI, disclosure rules, the net-zero pledge and the green taxonomy
- A worked example of an ESG-tilted Vietnam index
- Vietnam's carbon market: the legal framework, the pilot emissions trading scheme and the HNX carbon exchange
- A worked example of a cement plant's carbon position, and Vietnam's exposure to the EU CBAM
- Designing the next indexes: low-carbon, transition, green-bond and carbon-allowance indexes
- The risks: data, free float, liquidity, greenwashing and policy timing
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This chapter is in the full book
Chapter 1 is free to read online. The full text of chapter 35 — with its tables, figures, worked examples and practice lab — is available in the complete edition of Index Investing: From Theory to Practice (Volume 1, NXW Investment Library).
Read Chapter 1 freeGet the full book — [email protected]Sections of this chapter
35.1 A market at a turning point
35.2 Vietnam's index landscape today
35.3 ESG in Vietnam: the building blocks
35.4 ESG data gaps and an ESG-tilted index
35.5 Vietnam's carbon market: law and pilot
35.6 Carbon credits, CBAM and a plant's carbon position
35.7 The next indexes
35.8 Risks and challenges