Vietnam set to launch KRX trading system in May

Vietnam is set to launch the KRX trading system in May. Photo: baodautu.vn

In a letter to investors dated February 25, Petri Deryng, portfolio manager of PYN Elite Fund, shared insights from recent meetings with investors and industry stakeholders at a conference in Ho Chi Minh City.

“The roadmap may have been prolonged in the past, but progress is now evident, and the outlook for the stock market is increasingly positive,” Deryng said.

Investor sentiment could receive a further boost in March when the FTSE National Credit Rating Committee meets. Deryng noted that even a reference to a potential upgrade in Vietnam’s classification could be enough to spur trading activity.

Vietnam’s stock exchange is expected to roll out the long-awaited KRX trading system during the national holiday (April 30 – May 1). The launch is seen as a key step in modernising market infrastructure and improving liquidity.

PYN Elite Fund remains optimistic about Vietnam’s equity market, citing attractive valuations.

“Listed companies are poised for strong earnings growth in 2025, supported by increased liquidity, financial market reforms, and government measures to accelerate economic expansion,” Deryung said. “This is a prime opportunity to enter the Vietnamese stock market.”

The fund’s assets under management stand at around $885 million, with banking stocks dominating its portfolio. Four of its top five holdings - Sacombank, MB, TPBank and VietinBank - are in the finance and banking sector.

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