Hanoi (VNA), March 24 -- Vietnam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors, said Deputy Director of the Securities Market Development Department under the State Securities Commission (SSC) Pham Thi Thuy Linh.

Despite successfully meeting 7 out of the 9 established criteria for the upgrade, the two other requirements remain considerable roadblocks.

To tackle the pre-trade margin requirement challenge, Linh revealed ongoing discussions with international rating agencies are being conducted to seek viable solutions. Additionally, the SSC has proposed regulatory amendm...