I’ve been wondering when a Vietnam ETF would launch and today it’s happened. Van Eck Global has released the Market Vectors Vietnam ETF (ticker: VNM) which began trading on the NYSE Arca. The country’s benchmark index comprised of 162 companies on the Ho Chi Minh City Stock Exchanged is up 61% YTD and weighted more towards financials, energy and materials. The companies generate at least 50% of their revenue within Vietnam.
Here’s a quote from Van Eck:
“Vietnam is one of the world’s most populous nations, and its well-educated, young population — nearly half of the country’s 90 million residents are under the age of 25 — provides strong underpinnings for local economic growth.” The country’s GDP is expected to grow about 5% this year. Outstanding in this economy.