Viet Nam approves ETF licence

The State Securities Commission has granted a licence to SSIAM HNX30, the second domestic exchange-traded fund (ETF), which the SSI Fund Management is handling.

The fund simulates the 30 largest stocks which the HNX30 Index is tracking on the Ha Noi Stock Exchange and has a minimum capital of VND50 billion (US$2.3 million).

VFMVN30, the first ETF, which the Vietfund Management created, began listing on the HCM City Stock Exchange last October 6.

Last month, the SSI Fund Management set up its SSI Sustainable Competitive Advantage Fund, an open-ended fund, and raised VND112 billion ($5.2 million) in its initial public offering.

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