Amidst the volatile Vietnamese stock market, the VanEck Vietnam ETF (VNM), one of the largest foreign ETFs investing in the country, has delivered impressive returns.
As of May 20, 2025, VanEck Vietnam ETF’s total net assets stood at $397.05 million, with a net asset value (NAV) per share of $12.95, reflecting an 11.48% increase since the beginning of the year.
This growth will be even more significant as Vingroup and Vinhomes, the two largest stocks in the fund’s portfolio, continued their upward trajectory on May 20, with VIC rising by 2.2% and Vinhomes surging by the daily limit of 7%.
Currently, the VanEck Vietnam ETF’s fund units are trading at their highest levels since April 2024.
VanEck Vietnam ETF, one of the largest foreign ETFs investing in Vietnam, offers US investors exposure to Vietnamese companies.
Established in November 2009, VanEck Vietnam ETF seeks to replicate the price and yield performance of the MarketVector™ Vietnam Local Index as closely as possible, before fees and expenses. The fund is the largest and most liquid Vietnam ETF in the US, providing access to Vietnamese companies.
In the current portfolio, Vingroup’s VIC stock takes the top spot with over 16.2 million shares, accounting for 14.38% of the fund’s net assets. This is followed by Vinhomes (VHM) at 10.13%, Hoa Phat (HPG) at 6.1%, Vinamilk (VNM) at 5.52%, and Vietcombank (VCB) at 4.85%.
VanEck Vietnam ETF’s Top 20 Stock Investments by Value as of May 20, 2025
Notably, VIC’s share price has witnessed impressive growth over the last two months. Since the beginning of the year until May 20, VIC’s price has surged by more than 125%. By the closing bell on May 21, VIC shares climbed 2.2% to reach VND 93,500 per share.
The second-largest holding in the fund’s portfolio, VHM, is also on a strong upward trend. From the beginning of the year until May 21, VHM shares have climbed over 68%.
With VIC and VHM holding significant weightings in the portfolio, their strong performance has directly contributed to the growth in the fund’s net asset value and unit price. VanEck Vietnam ETF is also unique in that it has both VIC and VHM as its top two holdings.
As per data from April 30, 2025, the fund’s investments are primarily focused on the real estate, financial, consumer staples, and materials sectors.
“ACBS Forecasts Vinhomes (VHM) to Rake in Over $1.5 Billion in Net Profit; 8 New Projects Slated for 2025 Launch”
ACBS forecasts that VHM’s sales value for 2025 will reach an impressive VND 150,000 billion, marking a significant 44% increase year-over-year. This optimistic projection is largely attributed to the anticipated success of their flagship projects: Wonder City, Green City, Golden City, Green Paradise, and the highly anticipated Apollo City.
Market Beat: VN-Index Holds on to Green, VHM Soars to New Heights
The market closed with the VN-Index up 7.9 points (+0.6%), reaching 1,323.05; while the HNX-Index fell 0.24 points (-0.11%) to 217.46. The market breadth tilted towards decliners, with 397 losers and 337 gainers. The VN30 basket saw a relatively balanced performance, as 13 stocks added value, 12 declined, and 5 remained unchanged.
The Stock Market Takes a Toll on Vingroup Shares
Closing the first trading session of the week (May 19), the VN-Index lost the 1,300-point mark. Support from VIC was not enough to buoy the VN-Index, while the rest of the market was dominated by red.
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“Large-cap stocks surge: VN-Index resumes its journey to retest old peaks.”
The market staged a strong comeback during the morning session, with leading stocks such as VIC and VHM witnessing significant buying pressure. This positive sentiment spread across various other blue-chip stocks, propelling the VN30-Index to surge by 1.7%, once again reaching new heights.
“Billionaire Pham Nhat Vuong’s Net Worth Surpasses $10 Billion Landmark.”
According to Forbes, Vietnamese billionaire Pham Nhat Vuong’s net worth stands at a staggering $10.1 billion, a surge of nearly $880 million from the previous day. This significant increase catapults him to the 279th spot on the global billionaire rankings.
