Vietnam to list first domestic ETF as it liberalises market

Abstract

As part of the liberalisation of the Vietnamese financial sector, VietFund Management (VFM) is set to list Vietnam's first domestic exchange-traded fund (ETF) in September on the Ho Chi Minh City Stock Exchange, targeting foreign and local institutional investors, says Tran Thanh Tan, CEO of VFM. The fund will track the VN30 Index, which comprises 30 stocks with the largest market capitalisation and liquidity listed on the exchange. It is calculated based on the free-float-adjusted market capitalisation value and component securities will be reviewed every six months. Tan says VFM is working closely with the two authorised participants to provide liquidity for investors within the fund.