Vietnam Issues Circular Guiding Establishment of ETFs

The Ministry of Finance has issued Circular 229/2012/TT-BTC guiding establishment and management of Exchange-traded fund, the document will become effective from September 1, 2013.ETF share will have par value of VND10,000 each and its minimum trading unit (creation unit) is 100,000 shares, used for portfolio swap among ETFs and founding members, investors. For stock index […]