At the event (Photo: SSI)
HCM City (VNA) - The SSIAM Asset Management Company Limited (SSIAM) and its partners,the Charoen Pokphand Group’s CT Bright (CTB) and Japan’s Mercuria Investment Co.Ltd (MIC), held an online signing ceremony on October 14 to establish the Vietnam Growth Investment Fund(VGIF).
The VGIF is a member fund investing in private equity companieswith an estimated size of 150 million USD, targeting Vietnamese sectors of strengthsuch as food and beverages, retail, pharmaceuticals, health care, electricity,and energy and water supply, among others.
Its objectives focus on three main points:companies with competitive advantages and the potential to grow rapidly in the yearsto come; companies with listing potential or equitised State-owned enterprises withattractive valuations; and companies listed via PIPEs or spin-offs of listed groupsubsidiaries.
Apart from capital contributions, SSIAM, CTB, and MIC willalso work closely together on matters such as fund management, capital mobilisation,enterprise assessment, and investment decision-making.
The SSIAM is responsible for seeking, approaching, andnegotiating investment opportunities in promising firms in Vietnam.
CTB has an investment portfolio worth over 10 billion USDand works closely with major partners such as Ping-An, Itochu, and CITIC. It hasyears of experience in strategic coordination and fueling growth for beneficiaryfirms.
MIC, with support from the Development Bank of Japan, alsopossesses strong financial capacity, a global network, and financial managementcapacity in many markets, especially ASEAN and China. It is also the largest fundmanagement company, with combined assets of 2 billion USD.
SSIAM General Director Le Thi Le Hangsaid 2020 has been memorable for SSIAM, with the establishment of new funds suchas the ETF SSIAM VNFIN LEAD, the ETF SSIAM VN30, and now the VGIF.
She expressed a belief that withVietnam’s developing economy, various investment needs, and a long-term vision, VGIFwill achieve success in the near future./.
