VN100 futures will better ensure investors' hedging needs

VN100 index futures contracts will be officially traded from October 10.

Mr. Nguyen Quang Thuong, Deputy General Director of Vietnam Stock Exchange (VNX).

In addition to providing additional investment products, VN100 Futures is expected to contribute to better supporting investors' portfolio risk hedging needs, thanks to its more representative and market-close nature.

Mr. Nguyen Quang Thuong, Deputy General Director of Vietnam Stock Exchange (VNX) talked to the press about the new product VN100 Futures Contract.

It is known that the Vietnam Stock Exchange (VSE) is about to launch VN100 Index Futures Contracts for trading. Could you tell us specifically about the official operation plan of this product? Why did VNX decide to launch the new product at this stage?

The VN100 Futures product has been tested on the new information technology system (KRX) jointly by the Stock Exchanges, Vietnam Securities Depository (VSDC), market members and other relevant parties. At the request of the Vietnam Stock Exchanges, the VN100 Futures has also been approved by the State Securities Commission for launch and officially put into trading on the Hanoi Stock Exchange since October 10.

The official launch of the VN100 Futures Contract aims to diversify products in the derivatives market in particular and the stock market in general according to the Stock Market Development Strategy to 2030 approved by the Government . The diversification of products is expected to serve both the investment and risk hedging goals of investors in the market. The new Futures Contract with the VN100 underlying index has good representativeness and is expected to contribute to the development of the market in both scale and depth.

The VN100 Futures product is a simulation of the VN100 index with better representation, or in other words, better coverage and a more balanced structure. Can you share more details about the technical characteristics of this product?

Yes, the VN100 index is indeed more representative. According to September 2025 statistics, the VN100 index represents about 88% of the capitalization value of the VN-Index; and the proportion of the trading value of stocks in the VN100 index basket compared to the VN-Index is about 89%.

Due to the better representation of the VN100 index in the market, the proportion of the top 10 stocks in the VN100 is also significantly lower (the top 10 only represent about 51% of the capitalization value of the VN100 index basket, while the VN30 basket is 64%). This will help the VN100 index to have higher stability, closer to the general market developments; at the same time, it is also less affected by strong fluctuations from some large-cap stocks.

In addition, the VN100 index, which was launched in 2014, has shown stability and now has a number of simulated ETFs (such as VinaCapital VN100 ETF, IPAAM VN100 ETF, etc.). These are some of the technical advantages of the underlying index of the VN100 Futures Contract, which was officially launched on October 10.

As you just shared, in addition to increasing options for investors, the VN100 index futures contract also creates additional tools to support investors in hedging risks. What is the basis for the VN100 futures contract to create better conditions for investors to hedge portfolio risks and support a more stable underlying market, sir?

In addition to providing more investment product options for the market, VN100 index futures are also considered a good risk hedging tool for investors.

In fact, the correlation coefficient with VN-Index of VN100 is up to 98.6%. VN100 index has a closer statistical link with the market, closely following VN-Index, thereby improving the effectiveness of VN100 Futures derivatives in hedging risks of stock portfolios, especially large-scale portfolios that depend heavily on market fluctuations such as public securities investment funds, thereby supporting the market to operate more stably and safely.

Although the derivatives market has shown strong growth, its products are still not diversified. Could you briefly tell us about the research and development of other products and services for this market in the future?

The derivatives market has developed relatively strongly in recent times. The diversification of products, including derivative products on the market, has received much attention from state management agencies and the market, and has been accelerated in accordance with the approved Securities Market Development Strategy.

For the derivatives market, we are focusing on research to report and propose to the management agency to deploy products according to international practices, covering basically all essential products serving investment and risk hedging purposes, taking advantage of the strengths of the newly deployed stock market information technology system.

In particular, options contracts on stock indexes and on individual stocks are some of the products that the Stock Exchanges are studying for feasibility to report to competent authorities for permission to deploy when all conditions are met.

Thank you!

Source: https://baotintuc.vn/kinh-te/hop-dong-tuong-lai-vn100-se-dam-bao-tot-hon-nhu-cau-phong-ve-cho-nha-dau-tu-20251008130958169.htm