Launch of VN100 futures contract: Expanding options, increasing protection for investors

This is the information given by Mr. Nguyen Quang Thuong - Deputy General Director of Vietnam Stock Exchange when talking to the press about the new product VN100 futures contract.

Reporter: It is known that the Vietnam Stock Exchange is about to launch VN100 index futures contracts. Could you provide more details about the official operation plan of this product? Why did the Vietnam Stock Exchange decide to launch the new product at this stage?

Mr. Nguyen Quang Thuong: The VN100 index futures contract product has been jointly tested by stock exchanges, the Vietnam Securities Depository and Clearing Corporation, market members and other relevant parties on the new information technology system (KRX). At the request of the Vietnam Stock Exchange, the VN100 index futures contract has also been approved by the State Securities Commission for launch, officially put into trading on the Hanoi Stock Exchange from October 10, 2025.

The official launch of the VN100 index futures contract is aimed at diversifying 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 product diversification is expected to serve both the investment and risk hedging goals of investors in the market. The new futures contract with the VN100 index as the underlying index has good representativeness and is expected to contribute to the development of the market in both scale and depth.

Reporter: The VN100 index futures product simulates the VN100 index with better representation, or in other words, better coverage and a more balanced structure. Could you share more details about the technical characteristics of this product?

Mr. Nguyen Quang Thuong: Yes, the VN100 index is indeed more representative. According to statistics from September 2025, 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, be closer to the general market developments, and also be less affected by strong fluctuations from some large-cap stocks.

In addition, the VN100 index, launched in 2014, has shown stability and now has a number of simulated ETF funds (such as VinaCapital VN100 ETF, IPAAM VN100 ETF...).

Those are some technical advantages of the underlying index of the VN100 index futures contract officially launched on October 10, 2025.

Reporter: As you just shared, in addition to increasing options for investors, VN100 Index Futures also creates additional tools to support investors in risk prevention. What is the basis for VN100 Index Futures to create better conditions for investors to hedge portfolio risks and support a more stable underlying market, sir?

Mr. Nguyen Quang Thuong: In addition to providing more investment product options for the market, futures contracts on the VN100 index 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 efficiency of VN100 index 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.

Reporter: 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?

Mr. Nguyen Quang Thuong: 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 protection 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 the competent authority for permission to deploy when all conditions are met.

Reporter: Thank you!

MINH PHUONG

Source: https://nhandan.vn/ra-mat-hop-dong-tuong-lai-vn100-mo-rong-lua-chon-tang-suc-phong-ve-cho-nha-dau-tu-post913742.html