VanEck Vietnam ETF (VNM)
VNM: The Gulf War Puts A Spanner In The Works
VanEck Vietnam ETF which covers 58 Vietnamese incorporated stocks, the bulk of which are mid-caps, is down by -7% YTD and is underperforming other EMs and global markets. FTSE Russell's EM reclassification, which goes live in a phased manner from Sep 21st, should prompt higher foreign institutional interest. However, the overall macro position has taken a turn for the worse, and this could also cap interest in the intermediate term.
VNM: Vietnamese Stocks Look Fundamentally Overvalued
VanEck Vietnam ETF offers diversified exposure to Vietnamese equities, with significant weights in Financials, Real Estate, and Industrials. VNM's forward P/E of 14.22x and modeled IRR of 3.03% suggest current valuations are unattractive relative to local risk and return prospects. Vietnam's robust nominal GDP growth and supportive macro context are offset by high stock beta and a negative implied equity risk premium.
VNM: Understanding The Oldest And Largest Vietnam-Focused ETF
VanEck Vietnam ETF provides U.S. investors with liquid, broad exposure to Vietnam's rapidly growing equity market amid shifting global manufacturing trends. VNM tracks the MarketVector Vietnam Local Index, capping single holdings at 8% and focusing heavily on liquidity. The ETF's liquidity, options market, and U.S. exchange listing offer significant advantages over direct investment in Vietnamese stocks, despite a high 0.68% expense ratio.
VNM And Nike: Vietnam Trade Deal Good, But Not Great, News
The Vietnam trade deal removes major tariff threats, providing clarity for U.S. companies like Nike, Inc., but the positive impact is already priced in. Nike's tariff-related cost reduction is meaningful, but with forward valuations peaking, I rate the stock a Hold for now. Vietnam's economy benefits from the deal, but the VanEck Vietnam ETF's limited manufacturing exposure means the news isn't a strong buy catalyst.
VNM: Unpacking The Trade 'Deal' Impact
President Trump's Vietnam "trade deal" raises tariffs to 20%, doubling costs for U.S. importers and potentially hurting demand for Vietnamese exports. VNM ETF remains heavily weighted toward domestic sectors like Financials and Real Estate, which won't directly benefit from the trade deal. Higher tariffs may actually be a headwind for Vietnam's economy, reducing the ETF's appeal versus alternatives like China.
VNM: Potential EM Upgrade Is Welcome, But Wait For A Price Pullback
After a difficult 2024, VNM ETF has surged by 14% YTD, outperforming its global and Asian EM peers,. Recent infrastructure improvements and regulatory changes are attracting foreign institutional interest, with a possible EM upgrade in September expected to drive even more interest. Risks remain due to Vietnam's export dependence and looming US tariff threats, which could significantly impact GDP and market sentiment.
VNM: Vietnam Stocks Break Out, And The Valuation Is A Bargain (Rating Upgrade)
European stocks are strong in 2025, but the VanEck Vietnam ETF stands out with an 8% gain, prompting an upgrade to a buy. VNM tracks the MarketVector Vietnam Local Index and offers diversified exposure with a compelling valuation and a price-to-earnings ratio under 12. VNM's sector breakdown, with a heavy real estate weighting and zero tech exposure, has driven its recent outperformance.
VinaCapital Vietnam Opportunity Fund: Better Than The VNM ETF, But Only Under A Buyback Scenario
VCVOF has historically outperformed the VNM ETF, despite liquidity issues and a widening discount to NAV, making it a compelling investment for long-term exposure. Vietnam's strong GDP outlook, improved economic stability, and attractive stock market valuations suggest significant growth potential for 2025. VNM ETF offers better liquidity and lower fees, but actively managed CEFs like VCVOF can add value in less efficient markets through strategic investments.
VNM: Better Than VNAM, But Potential Tariff Risks Should Not Be Discarded
The VanEck Vietnam ETF has underperformed in 2024, falling by -9% YTD, while emerging markets have gained 8% and global stocks have performed even better. VNM offers superior tradability and income compared to the Global X MSCI Vietnam ETF, while the risk and return profile of both these products look similar. Vietnam's encouraging GDP momentum faces risks from potential U.S. tariffs and enhanced re-labeling investigations, while India too has started levying tariffs on Vietnamese steel exports.
Vietnam Moving Closer to Emerging Markets Status
The VanEck Vietnam ETF (VNM) gained 2% over the past month. One obvious reason for that rally is recent commentary from index provider FTSE Russell.
VNM: Vietnam Stocks Cheap, But Among The Worst Spots Globally Recently
I maintain a hold rating on the VanEck Vietnam ETF due to its low valuation but weak momentum and technicals. VNM has significant exposure to Real Estate and Financials, sectors sensitive to interest rate changes, and lacks Information Technology exposure. The ETF's concentrated portfolio and high historical volatility present elevated risks, despite a low price-to-earnings ratio and high long-term EPS growth rate.
Vietnam ETF (VNM) Has Compelling Technical Price Pattern
In 2023, one of our best callouts and profitable swing trade, was buying the Vietnam ETF (VNM) on the lows and riding it to its peak in September 2023. We did a hold a tail though into the correction and finally exited in January 2024.
VNM: A Big Bet On Vingroup
Vietnam could be poised to replace China as a regional manufacturing hub due to its young population and rising geopolitical tensions between the U.S. and China. The VanEck Vietnam ETF provides convenient exposure to Vietnamese equities. However, the VNM ETF is not well-balanced, with a heavy allocation in Vingroup, a struggling Vietnamese conglomerate.
Vietnam Turning Turmoil Into Opportunity
Vietnam stocks are perking up and that recent resurgence comes against the backdrop of what some call political volatility. Assuming “upheaval” and “volatility” are the accurate words to describe the current state of affairs, the one-month gain of 6.63% notched by the VanEck Vietnam ETF (VNM) is that much more impressive.
VNM: The Go-To Vehicle To Capture Vietnam's Upside
Vietnam remains the best-performing equity market in Southeast Asia. The future growth potential is as strong as ever, yet valuations aren't all that demanding. As the largest and most liquid ETF play, VNM screens attractively.
Vietnam ETF Getting Lift From Financial Services Stocks
Vietnam stocks are among the best performers in Southeast Asia to start 2024, and the VanEck Vietnam ETF (VNM) is participating in the rally. The original ETF dedicated to Vietnam equities is beating the MSCI Emerging Markets Index by a margin of better than 3-to-1 this year, as of March 15.
Vietnam's Economic Journey Toward Prosperity
By John Patrick Lee, CFA Product Manager Investors looking to diversify their emerging markets allocation should consider Vietnam, which has transitioned from a frontier to an emerging market thanks to its resilient economy and reforms that have led to remarkable growth.
This Developing Economy Could Be Massive Wealth Creator
Investors have long been tempted by China due in part to the country's rising middle class and an increasing number of wealthy citizens. While those factors remain at play, a more nimble, less controversial market offers its own strong wealth-creation potential: Vietnam.
Will Vietnam ETF Breathe Investment Fire? (Year of the Dragon)
Along with China and Asian countries celebrating the Lunar New Year, the Vietnam market has been closed since February 8th. The HOSE (Ho Chi Minh Stock Exchange) opens again this Thursday the 15th.
VNM: Still An Attractive Frontier Market Growth Story
After a challenging 2022, Vietnam equities rebounded strongly through last year. While valuations are higher now, they remain undemanding on a relative basis. VanEck's Vietnam ETF remains the go-to US-listed vehicle for country-specific exposure.