Vietnam’s IPO market is poised for revival as private firms prepare to list, signalling renewed investor interest after a subdued period influenced by COVID-19. Among upcoming offerings is Vinpearl, a subsidiary of Vingroup, aiming to issue 70 million shares as early as late 2024 or early 2025, seeking over VND5tr (USD205m) if fully subscribed. Regulatory reforms, including a proposed cut in the listing process from 90 to 30 days and revisions to the Securities Law, aim to streamline procedures and improve transparency. Authorities also plan to expand foreign investor access, supporting Vietnam’s push to upgrade from frontier to emerging market status. Yet challenges remain, such as limited tech listings and ensuring sufficient market capitalisation to meet global benchmarks.