Vietnam’s investment banks are expanding hiring in anticipation of a major Vietnam IPO wave after FTSE Russell confirmed in October it will upgrade Vietnam to secondary emerging-market status effective 21 September 2026, pending a March 2026 review. VnDirect plans to lift investment-banking headcount 20%–30% over the next 12–18 months, while Vietcap may increase staffing by up to 40% next year. Dragon Capital forecasts more than USD40bn in IPO proceeds during 2026–2028, a sha