(Ho Chi Minh City, Vietnam) Saigon Asset Management (SAM), the investment manager of listed investment funds Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), today announces the official signing of a Memorandum of Understanding with the Greater Houston Partnership (GHP).
Due to high demand from both Vietnamese and US companies to enter each other’s markets to offer trade and services, SAM and GHP have agreed to cooperate in order to more effectively assist in market penetration. Trade relations between the two countries have deepened with the implementation of the Trans-Pacific Partnership and evidenced by the growing trade values over the past decade. Despite this, many companies on both sides of the Pacific continue to see significant underdeveloped or unrecognized opportunities to expand into each other’s markets, resulting in high demand for specialized advisors who can facilitate market entrance.
As an established investment manager in Vietnam for the last five years, SAM has developed a large client base and business network among portfolio companies and through various deals, enabling it to connect US-based companies with future Vietnamese partners and vice-versa. In addition, SAM has recently opened an office in Houston, Texas to expand its profile in the US, making it easier for both US and Vietnamese companies to connect with it. Cooperation with the Greater Houston Partnership, which has extensive corporate memberships throughout the greater Houston area, promises to benefit all parties through deeper business relationships.
Commenting on the cooperation agreement, Louis Nguyen, CEO of SAM, said, “We are delighted to enter in this partnership with the GHP as we see clear demand from Vietnamese companies seeking to do business in the US, particularly Houston due to its strategic location, great growth record and potentials. Along with our current office in HCMC, we have taken the opportunity to open a new office in Houston to facilitate efforts between the two cities.”
Similarly, Genaro J. Peña , GHP’s Vice President of International Investment and Trade noted, “This Memorandum of Understanding between GHP and Saigon Asset Management is strategic for both organizations, and will generate more business between Houston and Vietnam. SAM represents a growing Vietnamese market, and their new office in Houston demonstrates the city’s positive environment for foreign direct investment.”
About Saigon Asset Management (SAM)
Established in 2007, Saigon Asset Management (SAM) is the investment manager of Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), both Cayman Islands investment funds, listed and traded on the Frankfurt Stock Exchange and Xetra. In 2008, LCF Rothschild ranked VEH as the top performing equity fund in Vietnam, and in 2009, VPH was ranked as the top performing real estate fund in Vietnam. SAM is currently raising capital for two regionally focused funds: Indochina Energy Holding, an Indochina focused fund to invest in the energy and natural resource sectors; and Funan Impact Investment Holding, an impact investment and agriculture focused fund. For more information, please visit our website at www.saigonam.com.
About Greater Houston Partnership (GHP)
The principal objective of the Greater Houston Partnership, which traces its roots back to Houston’s original Chamber of Commerce founded in 1840, is to build regional economic prosperity. The partnership facilitates relocations and expansions in the Houston area; international outreach initiatives such as business development missions outside the US and receiving foreign trade delegations; and strategic planning.