Viet Dragon Securities becomes The second Market Maker For Vietfund Management’s VFMVN30 ETF

Rong Viet Securities (VDSC), one of the leading full service brokerage houses in Vietnam, is pleased to announce that it has become a Market Maker for VietFund Management’s VFMVN30 ETF. This marks an important step towards creating better liquidity in the ETF.

Since its launch in 2014, the VFMVN30 ETF has attracted the attention from foreign investors thanks to its unique features - including no foreign ownership restrictions and exceptionally low tracking error (currently 0.04%).

“As the only ETF listed on Vietnam’s main exchange, the fund has grown in terms of size and trading volumes,” said Ms. Luong Thi My Hanh, Chief Investment Officer at VietFund Management. “Besides the fundamental factors and quality of underlying assets, what also makes an ETF successful is the role market makers to use their reputation and technical capacities, for this requirement, VFM seeks the best partners.

We are delighted that Rong Viet Securities are becoming our second market maker, which is particularly pertinent at a time with significant liquidity increases and foreign inflows to Vietnam’s capital markets, amidst the government’s aim to achieve Emerging Market accession. In collaborating with Rong Viet Securities we are very confident that the VFMVN30 ETF will become increasingly attractive to global investors looking to benefit from the next stage of the Vietnam growth story.”

“We’re excited and honoured to team up with VietFund Management as this will undoubtedly expand our product capabilities,” said Marc Djandji, Head of Institutional Sales at Rong Viet Securities. “In addition, we intend to provide better access and liquidity to the investors by leveraging our well-established brokerage capabilities.”

About Viet Dragon Securities: Established in 2006, Rong Viet Securities is a full-service brokerage house. The company is listed on the Ha Noi Stock Exchange (HNX), with the ticker VDS and a current market capitalization of VND680bn (~USD30mn).

In December 2016, Rong Viet Securities increased its charter capital to VND700 billion, solidifying its capitalization and placing the firm int the top 20 largest securities companies by charter capital. 

Thanks to its team of qualified professionals, advanced technology and extensive network of local business owners and foreign institutions, the company provides a comprehensive range of financial services and products to clients.

VDSC Awards:

  • Top 3 Most Improved Brokerage House by Asiamoney Brokers Poll 2016
  • Top 30 HNX enterprises for transparency in 2014-2015
  • Top consulting companies for the 2014-2015 M&A awards
  • Top 30 best annual report in 2015
  • Prestige Securities Brand - 2010

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About the VFMVN30 ETF: The VN30 Exchange Traded Fund tracks the VN30 Total Return Index, consisting primarily of Vietnam’s largest listed companies on the Ho Chi Minh City Stock Exchange. The Index takes in to account factors including liquidity, free-float and State Security Commission regulatory breaches. As a local fund manager, VietFund Management invests without any foreign ownership limit restrictions. Currently 8/30 stocks (26.8% of fund) are at their limit.

About VietFund Management: VietFund Management (VFM) was Vietnam’s first domestic investment fund management company, established in 2003, and are also a member of Dragon Capital Group (incorporated 1994). Throughout VFM’s 14 years in operation, the company has accounted for the largest asset under management in the local industry. VFM also provides the most diversified product suite on the market, from a balanced fund (VF1), equity fund (VF4), bond fund, (VFB),  ETF (E1VFVN30) and portfolio management service to meet the various demands of both institutional and individual investors. VFM’s open-end funds - VF1, VF4, VFB - are consistently among the top performing funds in the local market, the VFMVN30 ETF is the leading domestic ETF, which is also listed on the Korea Exchange.

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