Buy into Vietnam’s pluses

Article Excerpt

VANECK VECTORS VIETNAM ETF, $12.85, is a buy for aggressive investors. This emerging-markets ETF (New York symbol VNM) taps the leading Vietnamese firms as well as foreign firms that get a significant share of their revenue from this Southeast Asian nation. The fund started up in August 2009. Its MER is 0.66%. Your top holdings include Vingroup (conglomerate), 8.2%; Vietnam Dairy, 8.0%; Vinhomes (real estate), 7.3%; Hoa Phat Group (iron and steel), 6.6%; and Bank For Foreign Trade Of Vietnam, 5.8%. Other holdings include SSI Securities Corp., 5.4%; Masan Group (food), 4.2%; and No Va Land Investment Group, 3.4%. Vietnam has emerged from the pandemic, with tourism leading the way. Longer-term, it will keep attracting foreign manufacturers looking to steer clear of China-U.S. trade issues. VanEck Vectors Vietnam ETF is a buy for aggressive investors. investors. …