Underlying Index Performance: V20D.F's price closely tracks the Solactive Vietnam Select Index. Positive index performance typically lifts the ETF's price, while negative performance usually drags it down.

Supply and Demand: Higher demand for V20D.F shares can push the price up, while increased selling pressure can lower it. This reflects investor sentiment and trading activity.

Net Asset Value (NAV): The NAV represents the total value of the ETF's holdings, minus liabilities, divided by the number of outstanding shares. Deviations between the market price and NAV can occur, but arbitrage mechanisms usually keep them aligned.

Foreign Exchange Rates: As V20D.F invests in Vietnamese stocks, fluctuations in the EUR/VND exchange rate can impact its EUR-denominated price. A stronger VND boosts returns, while a weaker VND reduces them.

Country-Specific Risks: Political instability, economic downturns, and regulatory changes in Vietnam can all affect investor confidence and, consequently, the ETF's price.

Global Market Conditions: Broad market trends, such as global economic growth, interest rate changes, and investor risk appetite, can indirectly influence V20D.F's performance.

Management Fees and Expenses: The ETF's expense ratio reduces returns. Higher fees result in lower net returns for investors.

Tracking Error: Imperfect replication of the underlying index can lead to tracking error, where the ETF's performance deviates from the index. This can impact investor returns.