VNM ETF: What Is It? Returns, Expense Ratio, Holdings and Alternative ETFs Explained
The VanEck Vietnam ETF is a passive single-country product that diversifies across the Vietnamese stock market, giving exposure to emerging market growth and dividends. Fees, currency, and volatility are the key items to check, comparison with other emerging market ETFs is the main selection criterion, and the trading ticker is VNM.
SubscribeWhat Is the VanEck Vietnam ETF?
It is a passive country ETF that tracks an index made up of leading companies listed on the Vietnamese stock market. It diversifies across the broader Vietnamese market, which has large weightings in financials, real estate, and materials.
It suits country-diversification investors who want to bet on Vietnam's emerging market growth while accepting single-country concentration and currency risk.
It is an ETF managed passively (index tracking) by VanEck.
How Does the VanEck Vietnam ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | MarketVector Vietnam Index |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Periodic (per index rules) |
| Dividend Frequency | Annual dividend |
| Total Expense Ratio | 0.66% |
It tracks an index of leading companies listed on the Vietnamese stock market by market capitalization weighting, with a cap on the weight of individual stocks. The Vietnamese market has large weightings in financials, real estate, and materials, so the trends in these sectors and in the Vietnamese economy have a major impact on performance.
- Diversified across the Vietnamese stock market as a whole
- Reflects the characteristics of an emerging market centered on financials and real estate
VanEck Vietnam ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $480.5M, and the total expense ratio (Expense Ratio) is 0.66% per year.
Unlike broad emerging market ETFs, it is concentrated in a single country and is therefore heavily affected by the Vietnamese economy, the real estate sector, and the dong exchange rate.
VanEck Vietnam ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe Vietnamese stock market reacts sensitively to the Vietnamese economy, exports, foreign capital, and the dong exchange rate. It can perform strongly when expectations for manufacturing exports and foreign direct investment are high, but volatility can expand sharply during real estate weakness or risk-averse periods.
Money tends to flow into Vietnam ETFs when Vietnam's growth and emerging market risk appetite are rising, and funds can leave quickly when the dong weakens or risk aversion strengthens.
VanEck Vietnam ETF Pros and Cons
Its strength is exposure to Vietnam's growth, while single-country concentration, sector skew, and currency and liquidity risks are its weaknesses.
💪 Key Strengths
⚠️ Points to Watch
VanEck Vietnam ETF Alternatives and Related Products
EWT, EWZ, and INDA shown in the table are ETFs that invest in other emerging markets such as Taiwan, Brazil, and India. To invest more broadly in emerging markets, you can also compare the leading emerging markets ETF VWO, the broad emerging markets ETF IEMG, and the emerging markets ETF EEM. They differ in regional composition, range of holdings, and fees, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWZ | iShares MSCI Brazil ETF | $42.59 | +1.8% | $13.8B | 0.59% | 3.18% | +40.3% |
 EWT | iShares MSCI Taiwan ETF | $104.90 | +0.9% | $11.4B | 0.59% | 0.97% | +64.3% |
 INDA | iShares MSCI India ETF | $46.46 | -1.9% | $5.8B | 0.61% | - | -15.2% |
 MCHI | iShares MSCI China ETF | $49.00 | -0.0% | $5.5B | 0.59% | 2.24% | -23.6% |
 FLTW | Franklin FTSE Taiwan ETF | $100.93 | +1.1% | $4.7B | 0.19% | 1.62% | +65.3% |
VanEck Vietnam ETF Investor Checkpoints
These are the points to review before investing in VNM. As a Vietnam country ETF, it is important to check single-country concentration, sector skew, currency and liquidity risks, and the fee level in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the fees of a single-country ETF | Somewhat high |
| 🇻🇳 Country Concentration | Check uncertainty in the Vietnamese economy and policy | Concentrated |
| 🏦 Sector Skew | Check the concentration in financials and real estate | Skewed |
| 💱 Exchange Rate | Check the impact of dong exchange rate movements | No currency hedge |
Because it is concentrated in a single country, it is heavily influenced by the Vietnamese economy, real estate, and policy, and the skew toward financials and real estate can increase volatility when those sectors struggle. Korean won-based investors also take on dong exchange rate fluctuations and liquidity risk in the local market.
It is a passive ETF suited to country-diversification investors who want to bet on Vietnam's emerging market growth while accepting volatility. To diversify across emerging markets as a whole, a broad emerging markets ETF can be an alternative, and to concentrate on Vietnam, VNM can be the choice.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 5, 2026.
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