Phu Hung Fund CEO Urges Higher-Quality Investor Base as Vietnam Eyes $4-6 Billion Inflows
Updated
Updated · Theinvestor.vn · Aug 20
Phu Hung Fund CEO Urges Higher-Quality Investor Base as Vietnam Eyes $4-6 Billion Inflows
2 articles · Updated · Theinvestor.vn · Aug 20
Summary
Vietnam’s stock market needs more institutional and long-term investors—not just retail traders—to develop sustainably after its FTSE Russell upgrade, Phu Hung Fund CEO Lu Hui Hung said.
FTSE’s move from frontier to secondary emerging-market status could draw about $4-6 billion in initial foreign indirect investment, including roughly $1.7 billion from passive ETFs and potentially $5-8 billion from active funds.
Vietnam’s investor mix remains heavily retail, with nearly 13.6 million individual accounts versus about 20,000 institutional accounts; retail investors generated more than half of trading value in 2025.
Lu said a broader base of mutual funds, ETFs, pension funds, insurers and professional asset managers would curb herd behavior, improve price discovery and push listed companies toward better governance and disclosure.
Past upgrades in Qatar, the UAE and Kuwait were followed by 20-50% stock gains within three years, though Lu said Vietnam’s long-term performance will still depend on earnings growth and valuations.