The Vietnamese asset manager expects to see trading of shares in the $850 million fund on the London Stock Exchange as early as July.
Vietnamese companies are slow to allow foreign investors greater share allocations, even as the country’s prospects brighten.
Vietnam equities are on a tear, but US asset manager Invesco still has zero allocation to the market, despite bullishness among local players.
VietFund Management is marketing a domestic exchange-traded fund that will not be subject to foreign-ownership limits.
Norway's $850 billion sovereign wealth fund is said to have handed out four Southeast Asian single-country equity portfolios worth some $1 billion in total in recent months.
After years of discussion, Vietcombank Fund Management will soon become the first onshore firm to launch a balanced open-ended mutual fund.