Morgan Stanley Capital International (MSCI) has decided to hold Việt Nam’s staus in the equity market in the Frontier Markets Index until 2019.

Việt Nam’s securities market may be upgraded to the emerging market status from its current frontier market by 2020, according to the latest SSI Retail Research.

It remains impossible for Việt Nam’s securities market to get promoted from a frontier market to an emerging market this year, officials say.

Việt Nam remained in the MSCI Frontier Markets Index after the US investment research firm completed its 2017 market classification review on Wednesday.

Shares declined for the first time in the last three days as banks lost momentum on Wednesday on rising profit-taking pressure after a long rally.