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 companies with an estimated size of US$150 million, targeting Vietnamese sectors of strength such 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 years to come; companies with listing potential or equitised State-owned enterprises with attractive valuations; and companies listed via PIPEs or spin-offs of listed group subsidiaries.

Apart from capital contributions, SSIAM, CTB, and MIC will also work closely together on matters such as fund management, capital mobilisation, enterprise assessment, and investment decision-making.

The SSIAM is responsible for seeking, approaching, and negotiating investment opportunities in promising firms in Vietnam.

CTB has an investment portfolio worth over US$10 billion and works closely with major partners such as Ping-An, Itochu, and CITIC. It has years of experience in strategic coordination and fueling growth for beneficiary firms.

MIC, with support from the Development Bank of Japan, also possesses strong financial capacity, a global network, and financial management capacity in many markets, especially ASEAN and China. It is also the largest fund management company, with combined assets of US$2 billion.

SSIAM General Director Le Thi Le Hang said 2020 has been memorable for SSIAM, with the establishment of new funds such as the ETF SSIAM VNFIN LEAD, the ETF SSIAM VN30, and now the VGIF.

She expressed a belief that with Vietnam’s developing economy, various investment needs, and a long-term vision, VGIF will achieve success in the near future.