VNM: Buy This Vietnam Fund Before It Gets Away From You

Image Source: CHUTTERSNAP on Unsplash

I think if we told people in 1970s America that one of the most promising places you could put your money was Vietnam, they’d call you nuts. Fast forward over the decades, and I’m going to show you why the VanEck Vietnam ETF (VNM) is a great trade here, notes Sean Brodrick, editor at Weiss Ratings Daily.

Right now, a massive wave of capital, factories, and supply chains is quietly shifting into Vietnam. The country put up roughly 8% real GDP growth in 2025, pushing the economy past $500 billion. That’s a nice move for a “tiny” tiger.

And unlike many emerging markets, Vietnam isn’t fighting inflation or policy instability at the same time. Inflation remains contained. Policy is pro-growth. And foreign capital is pouring in. If exports stay strong and infrastructure spending ramps up as planned, upside scenarios point to much higher growth.

The VNM fund holds about 50 companies across key sectors like financials (banks, brokers), real estate and property developers, and consumer-facing businesses.

The valuation is what really stands out, too. The P/E of the broad Vietnamese market is around 15x to 16x. Price/book is around 2.1x, and forward earnings growth is projected at around 13% to 14%. That gives you a PEG ratio well below 1 on the broad market.

From a trading standpoint, the VNM ETF has been range-bound since late last year. It hasn’t yet reflected the improving fundamentals underneath. That’s exactly the kind of disconnect you want.

Because once global investors start reallocating toward emerging markets — and toward supply chain winners like Vietnam — I expect the fund to break out of that range and head for higher prices. The balance of forces is overwhelmingly positive. And the market hasn’t fully priced it in. That’s your opportunity.

My recommended action would be to consider purchasing VanEck Vietnam ETF (VNM).

About the Author

Sean Brodrick brings true boots-on-the-ground experience to the resource markets. He’s toured gold and silver mines from the far north in Nunavut to Nevada, to Mexico, to far southern Argentina, and all points in between.

Mr. Brodrick is always on the hunt for the next big discovery and tracks the fast-rising world of critical minerals reshaping global supply chains. His fieldwork and sharp market insight give his Weiss Ratings readers an edge — spotting opportunities long before Wall Street catches on.