The VN100 Index Futures Contract (VN100 Futures) will officially commence trading on October 10th. Beyond offering an additional investment product, VN100 Futures aims to better support investors’ portfolio risk hedging needs, thanks to its enhanced market representation and alignment.
This announcement was made by Mr. Nguyễn Quang Thương, Deputy General Director of the Vietnam Stock Exchange (VNX), during a media briefing regarding the new VN100 Futures product.
Mr. Nguyễn Quang Thương – Deputy General Director of the Vietnam Stock Exchange (VNX)
Reporter: It’s understood that the Vietnam Stock Exchange is set to launch VN100 Futures. Could you provide more details on the official rollout plan for this product? Why has VNX chosen to introduce this new product at this particular time?
Mr. Nguyễn Quang Thương: The VN100 Futures product has undergone thorough testing on the new KRX information technology system, in collaboration with stock exchanges, the Vietnam Securities Depository and Clearing Corporation (VSDC), market members, and other stakeholders. Following the Vietnam Stock Exchange’s proposal, the State Securities Commission has approved the launch of VN100 Futures, which will officially begin trading on the Hanoi Stock Exchange from October 10, 2025.
The introduction of VN100 Futures is part of the strategy to diversify products in the derivatives market and the broader securities market, as outlined in the Securities Market Development Strategy approved by the Government for the period up to 2030. This diversification is expected to cater to both investment and risk management objectives of market participants. The new futures contract, based on the VN100 Index, offers strong market representation and is anticipated to contribute to market growth in both scale and depth.
Reporter: VN100 Futures is designed to mirror the VN100 Index, which boasts better market coverage and a more balanced structure. Could you elaborate on the technical specifications of this product?
Mr. Nguyễn Quang Thương: Indeed, the VN100 Index offers superior market representation. As of September 2025, the VN100 Index represents approximately 88% of the market capitalization of the VN-Index, and the trading value of stocks in the VN100 basket accounts for about 89% of the VN-Index’s trading value.
Given its strong market representation, the top 10 stocks in the VN100 Index have a significantly lower weight (approximately 51% of the VN100 Index’s market capitalization, compared to 64% for the VN30 Index). This enhances the stability of the VN100 Index, making it more reflective of overall market trends and less susceptible to volatility from large-cap stocks.
Additionally, the VN100 Index, launched in 2014, has demonstrated stability and is already tracked by several ETFs, such as the VinaCapital VN100 ETF and IPAAM VN100 ETF.
These are the key technical advantages of the VN100 Index, the underlying index for the VN100 Futures contract set to launch on October 10, 2025.
Reporter: As you mentioned, besides expanding investment options, VN100 Futures also provides a risk management tool for investors. What makes VN100 Futures an effective instrument for portfolio risk hedging and market stability?
Mr. Nguyễn Quang Thương: In addition to broadening investment choices, VN100 Futures is recognized as an effective risk management tool for investors.
The VN100 Index exhibits a remarkably high correlation of 98.6% with the VN-Index. This strong statistical linkage ensures that VN100 Futures closely tracks the VN-Index, enhancing its effectiveness in hedging equity portfolio risks, particularly for large-scale portfolios heavily influenced by overall market movements, such as mutual funds. This, in turn, promotes a more stable and secure market environment.
Reporter: While the derivatives market has shown robust growth, product diversity remains limited. Could you outline plans for developing additional products and services for this market in the future?
Mr. Nguyễn Quang Thương: The derivatives market has experienced significant growth, and product diversification is a key focus for regulatory authorities and market participants, in line with the approved Securities Market Development Strategy.
We are actively researching and proposing to regulatory bodies the introduction of internationally aligned products, covering essential investment and risk management tools. Leveraging the new securities market technology system, we are exploring the feasibility of options contracts on stock indices and individual stocks, among other products, to report to competent authorities for approval once all conditions are met.
Reporter: Thank you, Mr. Thương!
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