Portrait of the American ‘Shark’ Reaping Huge Profits Amid the Soaring Rise of Vingroup: Earning Tens of Millions of USD, a Rare Fund Where Both VIC and VHM Dominate

The VanEck Vietnam ETF (VNM) has recorded outstanding returns, with a net asset total of $397.05 million as of May 20. The value of one share increased by 11.48% since the beginning of the year, thanks to the strong price increases of Vingroup (VIC) and Vinhomes (VHM) stocks. VIC rose over 125% and reached a price of 93,500 VND/share, while VHM increased by 68%. VIC accounts for 14.38% and VHM accounts for 10.13% of the fund’s net assets, directly boosting the value of the VanEck Vietnam ETF. This is one of the largest ETFs in Vietnam, focusing on real estate, finance, and consumer goods.