Vietnam Property Holding (VPH)
1.1. About Vietnam Property Holding (VPH)
Vietnam Property Holding (“VPH” or the “Company”) is a newly incorporated Cayman Islands exempted company created to engage in property investment in Vietnam. The Company will have a capital structure comprising a single class of Shares.
The Company will be managed by Saigon Asset Management (“SAM” or the “Investment Manager”), an exempted company incorporated under the laws of the Cayman Islands. The Investment Manager’s investment team draws on the talents of international and domestically-trained professionals from top fund management companies in Vietnam, complemented by a seasoned board of directors consisting of Vietnamese senior executives with deep-rooted local knowledge and relationships. Corporate governance and the value creation process are enhanced by international advisors with demonstrated corporate influence regionally and globally.
1.2. Investment Objectives
The principal investment objective of the Company is leverage its local investment status and network to directly receive land use rights thereby capturing attractive projects at the early stages. The Company seeks to maximize capital gain from investing in a diversified portfolio of Vietnamese properties. The Company plans to exit through disposing of the properties to institutional and private investors including real estate investment trusts.
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| Fund Structure | • Closed-end |
| VPH Security Information | • Reuters 3MT.DE • Bloomberg 3MT:GR • ISIN KYG9361R1074 • German Securities Code A0M12W |
| Life of Fund | • Vote every 5 years to continue fund |
| Investment Range | • $2M - $10M • Not to exceed 20% of NAV in one single investment |
| Management Team's Contribution |
• $5M, subject to Investment Committee's approval and 3rd party valuation |
| Investment Manager | • Saigon Asset Management ("SAM"), Cayman Islands |
| Fees | • 2% management fee • 20% incentive fee of total increase of NAV over hurdle rate of 8% with high watermark and catch up |
| Tax Advisor | • PricewaterhouseCoopers |
| Auditor | • Grant Thornton |
| Custodian/ Administration |
• Deutsche Bank |
| Legal Advisors | • Baker McKenzie, Vietnam • DC Law, Vietnam • Reed Smith, USA, Germany • Appleby, Cayman Islands |





