Vietnam is sometimes viewed as being an emerging market, but technically, it is still officially classified as a Frontier market. A frontier market is different from an emerging market. In the 1990s, the International Finance Corporation came up with the term ‘Frontier Market’ that allowed to differentiate the concepts of emerging and frontier markets. To put it simply, a frontier market is a type of developing country that is more developed than the least developing countries while less developed than emerging markets. Two key aspects of frontier markets tend to be poor liquidity and a not well-developed stock market.