The VanEck Vietnam ETF (VNM) is an exchange-traded fund designed to provide exposure to companies with significant operations in Vietnam or that derive a substantial portion of their revenue from the country. The ETF is managed by VanEck and trades under the ticker VNM on the Cboe BZX Exchange.

Classified as a single-country international equity ETF, the fund provides access to Vietnam's equity market through both locally listed companies and foreign businesses with meaningful economic exposure to the country. This approach broadens the investment universe given the accessibility constraints of the Vietnamese stock market.

The ETF follows a passive management approach and seeks to replicate the performance of the MVIS Vietnam Index, a benchmark composed of companies that meet specific criteria for economic exposure to Vietnam, regardless of where their shares are listed.

Diversification and sector exposure

VNM provides exposure primarily associated with:

• Vietnamese companies.

• Financial services.

• Real estate.

• Consumer goods.

• Industrials.

• Materials.

• Technology.

• Emerging markets.

The portfolio includes companies across multiple sectors of Vietnam's economy, as well as international businesses with significant operations in the country, providing diversified exposure to the local market.

The ETF's performance is closely tied to Vietnam's economic growth, expanding domestic consumption, industrial development, and rising levels of foreign direct investment.

Structure and costs

VNM shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The VanEck Vietnam ETF was launched in 2009 to provide international investors with exchange-traded access to Vietnam's growing economy.

Since inception, the fund has tracked Vietnam's development as one of Asia's fastest-growing emerging markets, supported by industrialization, export expansion, and increasing foreign direct investment.

In recent years, trends such as global supply chain diversification, manufacturing growth, and the expansion of the digital economy have further increased the importance of the companies represented in the ETF's portfolio.

Additional Information

VanEck Vietnam ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $519.09 million.

Over the past 12 months, VanEck Vietnam ETF recorded a return of -2.28%, with its price trading between $16.31 and $19.80 during the same period.

The ETF is traded under the ticker VNM.