MSCI's 2026 Global Market Accessibility Review downgraded Indonesia's information flow criterion to negative. The index provider cited opaque share ownership and coordinated trading as threats to fair price discovery. Indonesia retained its Emerging Market status, preventing massive capital outflows linked to a Frontier Market downgrade.
Vietnam faces persistent hurdles preventing an upgrade from its current Frontier Market status. MSCI identified low free-float levels and foreign ownership limits as primary obstacles. These challenges create significant concerns regarding investability and market transparency.
The Annual Market Classification Review will announce final decisions on June 23, 2026.