SSI Asset Management eyes pension fund ops in Vietnam
The capital market in Vietnam has seen a snowballing expansion throughout the last few years. In the years 2011-2015 as Vietnam kicked off its plan to catapult the capital market, the stock market jumped nearly three times in terms of capitalisation and attracted 50 per cent more investors. In 2016, the market capitalisation rose 26.6 per cent year-on-year to reach $72 billion. Vietnam is now also building a pipeline to grow more instruments such as pension funds and derivatives by 2020. This has spurred the interest of local players such as Vietfund Management and SSI Asset Management (SSIAM) in diversifying their portfolio. SSIAM, a fund manager primarily investing in listed equities, recently told DEALSTREETASIA that the firm plans to launch a pension fund. SSIAM is the wholly-owned subsidiary of Saigon Securities Inc, Vietnam’s biggest brokerage house. The company has established two private equity funds in collaboration with Japan’s Daiwa Securities Group with its latest investment being in retailer Concung. DEALSTREETASIA sat down with Nguyen Phan Dung, deputy CEO of SSIAM, to talk about the fund’s operations.
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