News and Insights

Latest news about company activities, and changes to investment funds managed by SSIAM.

SSI Asset Management has officially organized the opening ceremony

21/11/07 - SSI Asset Management has officially organized the opening ceremony at Horizon hotel with the attendance of representatives of the government, the domestic & foreign corporations and the Press, as well as Vietnam Television Station.

21/11/07 - SSI Asset Management has officially organized the opening ceremony at Horizon hotel with the attendance of representatives of the government, the domestic & foreign corporations and the Press, as well as Vietnam Television Station.

With this event, there are articles in some magazines: Dau tu chung khoan, Thoi bao kinh te Viet Nam, Dien dan doanh nghiep, Saga writing about it. Below is the summary of Saga’s article.
Today, the representative of SAGA has presented at the Opening Ceremony of SSI Asset Management (SSIAM) at Horizon Hotel. SSIAM has been born with the chartered capital of 30 billions VND. Acknowledgement from the introduction paper, besides Mr. Nguyen Duy Hung - the Chairman, there is Ms. Dang Thi Hong Phuong – CEO, who has 10 years of experience in investment & asset management, has been the CEO of Bao Viet Fund Management company. The team from SSIAM, from our recognition, all has knowledge, experienced professional expertise in that field.
Together with the officially announcement about the opening of SSIAM, SSI Vision Fund (SSIVF) – the first fund from SSIAM also pronounce that they have completed the raising fund process with 1.700 billions. In the Press Conference, besides Mr. Hung and Ms. Phuong, there is Mr. Do Van Trac – the Chairman cum CEO of Sacom, also the Chairman of SSIVF, the representative for 9 other investors: Minh Phu Seafood Corp., Agifish, Aquatex Ben Tre, Eximbank, Vinamilk, PVI, PVFI, PG Bank, Rubber Finance Company. After SSI, Sacom is the second biggest company contributing for SSIVF, with 280 billions.
Mr. Trac has claimed that, although there are many others financial groups have invited Sacom, they have chosen SSI because of the successes recently, as well as the professional, and highly qualified SSI team – those significant criterias make the difference.
Digging deeply into those differences, Mr. Hung has explained that the name of the new fund – SSI Vision Fund, has proved that SSIAM has the special vision, has the different view about products and opportunities in the market. The differences also come from the quality of the team, which can be shown by the effectiveness and efficient. SSIAM has the license from August 2007, just after 2 months, they have developed the portfolio management and fund management with the total 3.000 billions, including SSIVF.
The raising fund for SSIVF was realized in 2 weeks, with 1 prior week for completing all papers. Another special element of SSIVF is the whole fund already has the address to invest, the only job need to be done is choosing the right moment to invest. Ms. Phuong has confidently affirmed that SSIVF can be the fund has the shortest disbursement. In the situation where the corporations have the scarce source of cash (the currently interest rate for the overnight loan is about 12%), the raising for more than 100 millions USD in that short time and the quick plan for disbursement prove the quality of SSIAM.