The MVIS Vietnam Local Index, the basis of the Vaneck Vectors Vietnam ETF (VNM ETF), has announced its portfolio restructuring for Q1/2025. In this adjustment, the fund added the new stock NAB (Nam Á Commercial Joint Stock Bank) and retained all existing stocks, raising the total to 46. As of March 13, the VNM ETF portfolio size reached 414 million USD (about 10.6 trillion VND). The fund plans to buy 8.1 million shares of SIP and 3.2 million shares of HPG. Conversely, it will significantly reduce its holdings in VIC (3 million shares), VHM (2 million shares), and SHB (2.8 million shares) post-restructuring. The fund appears to be facing net withdrawals of about 1.5 trillion VND in 2024, which is continuing into this year. The FTSE Vietnam Index has also just added SIP without removing any stocks, with total assets of 261 million USD (about 6.6 trillion VND). The new portfolios of both funds will take effect on March 24.
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