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Update news ETF
The total value of assets under the management of domestic exchange-traded funds (ETFs) has soared by 64 percent to 1 billion USD so far this year, while foreign ETFs increased 12 percent to 1.4 billion USD.
Following a volatile 2018 which witnessed the US-China trade war, the stock market in 2019 was gloomy with the VN Index hovering around 900-1,000 points.
The stock market in 2019 closed with a VN Index increase of 7 percent, an average achievement, though the macroeconomic indicators were very good and the State Bank loosened monetary policy.
The VN Index may bounce back and reach the 1,000 point threshold again in 2020, or it may come closer to its peak in 2018 thanks to good macroeconomic conditions, foreign capital flow and reasonable valuations.
The fund certificates of Viet Nam's first exchange-traded fund (ETF) VFMVN30 will be listed from October 6, the HCM City Stock Exchange has announced.
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VietNamNet Bridge – Active trading of exchange-traded funds (ETF) helped lift shares on the two national stock exchanges last week, with both stock indices rising.