Press Release

Ho Chi Minh City, Vietnam, January 2024 – Saigon Asset Management (SAM) and Viettel IDC have entered into a strategic agreement to expand Vietnam's digital infrastructure and market presence. This partnership is set to enhance data center capabilities and cloud services for both Vietnamese and international market

With this collaboration, SAM will support Viettel IDC to enhance Vietnam’s digital scene and introduce advanced cloud computing services to support local and international organizations with computing requirements in Vietnam. Currently, multinational corporations operating within Vietnam often rely on overseas cloud providers, leading to service compromises and higher costs. The collaboration aims to address these issues by developing an offering of scalable computing and storage solutions within the country. Moreover, products associated with AI, machine learning, data analytics, and IoTs are also integrated into the comprehensive portfolio. This strategy aims to offer customers a one-stop shopping experience, providing them with a diverse range of cutting-edge solutions under a single roof.

Mr. Nguyen Van Thai – Deputy Director of Viettel IDC

Mr. Nguyen Van Thai, Deputy Director of Viettel IDC, emphasized the company's commitment to innovation and market growth. "The market expertise SAM brings to the table, combined with Viettel IDC's infrastructure capabilities, is expected to drive significant domestic and international expansion," he said.

Mr. Jens Andreassen, SAM's Director of Technology Investments, shared his enthusiasm for the joint effort. "Working with Viettel IDC, the top data center service provider in Vietnam, aligns with our goal to advance cloud infrastructure in the region. This collaboration will enhance the nation's competitive edge and promote long-term economic and workforce development," he noted.

Mr Louis Nguyen – Chairman and CEO of Saigon Asset Management (SAM)

Mr. Louis Nguyen, Chairman and CEO of SAM, expressed confidence in the venture's potential. "This partnership begins a new phase of growth. We're looking forward to showcasing Vietnamese innovation on the global stage and bringing Viettel IDC’s great values to international customers and the broader community," he said.

About Viettel IDC. With a strong 15-year track record, Viettel IDC dominates the data center and cloud computing market in Vietnam, offering more than 50 products, services, and solutions. The company serves leading Vietnamese enterprises, international digital content companies, and 20,000 local business customers. Viettel IDC prides itself on a team of over 400 technology experts and engineers, partnering with global technology solutions providers such as AWS, Akamai, Microsoft, VMWare, Veeam, and others. For more info, please visit www.viettelidc.com.vn

About Saigon Asset Management (SAM). Founded in 2007, Saigon Asset Management (SAM) is a distinguished private equity firm, that skillfully manages investment funds and delivers expert advisory services. With a successful track record of investing in over 65 Vietnamese companies, SAM's managed funds consistently outperform industry peers and relevant benchmarks. SAM is recognized for its expertise in M&A and provides strategic insights into technology, market growth, and expansion. For further details, please visit www.saigonam.com