VinaCapital lists 2 strategic ETFs as Vietnam fund market broadens

Vietnam’s leading investment management firm VinaCapital has listed two strategic exchange-traded funds (ETFs) on the Ho Chi Minh City Stock Exchange, expanding investment options for investors seeking targeted exposure to Vietnam's long-term economic growth themes.

The newly listed funds are the VINACAPITAL VNMITECH ETF (HoSE: FUEMITEC) and the VINACAPITAL VN50 GROWTH ETF (HoSE: FUEVN50G), both designed as passive funds tracking proprietary strategic indices, according to VinaCapital’s announcement on Tuesday.

The launch comes as Vietnam’s asset management industry seeks to diversify beyond traditional market-cap-weighted products and offer investors more sophisticated factor-based investment strategies.

Unlike conventional ETFs that closely replicate broad market benchmarks, strategic ETFs combine passive management with rule-based portfolio construction aimed at capturing specific investment themes such as growth, sector leadership, earnings momentum and liquidity.

According to VinaCapital, the indices underlying the two funds incorporate characteristics unique to Vietnam’s stock market, including exposure to sectors viewed as key drivers of economic expansion and companies demonstrating strong earnings growth.

The FUEMITEC ETF tracks the VNMITECH Index, which focuses on industrial, technology and materials companies – sectors expected to benefit from Vietnam’s ongoing industrialization, infrastructure development, and private-sector expansion.

Meanwhile, the FUEVN50G ETF follows the VN50 Growth Index, providing exposure to 50 large- and mid-cap companies selected from the broader VNAllshare universe based on growth-oriented criteria.

“The listing of these strategic ETFs marks an important milestone that reflects the increasing maturity of Vietnam's capital market,” Brook Taylor, CEO of VinaCapital, said in a statement.

He added that the products would provide investors with a more efficient and accessible way to engage in Vietnam’s growth path while supporting the development of a more transparent and sustainable financial market.

The funds have posted positive early performance since completing their initial public offerings on March 4.

Between the IPO closing date and May 31, the FUEMITEC ETF recorded net asset value per unit growth of about 3%, while the FUEVN50G ETF gained approximately 15.7%, outperforming the benchmark VN-Index’s 10.7% increase over the same period.

The launch comes as Vietnam’s fund management sector has grown significantly over the past decade. As of 2025, the country had 43 fund management companies overseeing 123 securities investment funds, with total assets under management exceeding VND750 trillion ($28.51 billion), more than seven times the level recorded in 2014, according to the Ministry of Finance.

The industry has maintained annual growth of more than 20% over the past 10 years, driven by rising participation from retail and institutional investors. Open-ended funds, ETFs, and real estate investment funds have helped diversify investment products, with open-ended funds and ETFs accounting for 86% of total net asset value across the industry.