Investment Manager
Saigon Asset Management ("SAM"), a Cayman Islands exempted company, is the Investment Manager of Vietnam Equity Holding and Vietnam Property Holding. SAM has been registered with the Cayman Islands Monetary Authority as an excluded person under the Securities Investment Business Law, as amended.
SAM provides the full complement of investment management services necessary for the sourcing, evaluating, monitoring and trading of VEH and VPH’s investment portfolio. Under the Investment Management Agreement, the SAM has been given responsibility for the day-to-day management of the funds’ investment portfolio in accordance with the Company’s investment policies, objectives and restrictions.
The investment management business is fairly new in Vietnam. With the exception of a few large funds, most Vietnam-centric investment funds currently in existence were established less than five years ago. During the past two years, the number of investment funds in Vietnam has increased significantly due to Vietnam’s economic potentials and a strong demand by global investors to enter this market. Competition is fierce and the field is currently controlled mostly by foreign funds. As such, new investment firms being created need to differentiate themselves in order to be competitive. Within that context, the Investment Manager was created to take advantage of the synergy of two distinctive groups:
(i) Members of the Investment Manager with on-the-ground and international track record. Members of the Investment Manager came from top investment funds in Vietnam, have a long-term interest in the country, possess a thorough understanding of the Vietnamese culture, and are fluent in English and Vietnamese. The team’s economic interest is equitably distributed so as to properly align its interest with that of the Company.
(ii) International Partners and executives seeking collaboration with Vietnam’s top local investors and industry leaders. This group will provide rigorous corporate governance and assistance with cross-border business transactions as well as enhancement of the value creation process of portfolio companies. Consequently, this should encourage Vietnamese enterprises to seek to work with the Investment Manager on the basis that it can provide them with strategic partnerships and capital to penetrate new markets, improve management capabilities, and enhance operational and financial results.
- Mr. Louis Nguyen
Chairman & CEO
Saigon Asset Management -
Louis Nguyen has over 20 years of experience in investment management and mergers and acquisitions. Mr. Nguyen has been investing in Vietnam since 2003 and currently the Chairman and CEO of Saigon Asset Management (SAM). Prior to founding SAM, Mr. Nguyen was Managing Director at VinaCapital, an investment management firm in Vietnam with approximately US$2 billion under management. He was also Founding General Partner of IDG Ventures Vietnam, a US$100 million venture capital fund. Prior to 2003, Mr. Nguyen was actively working in the U.S. as Vice President at Intelligent Capital, a mergers and acquisitions firm based in San Francisco, California. Prior to that, he was Partner at Osprey Ventures, a US$100 million venture capital fund based in Menlo Park, California. Mr. Nguyen has extensive operating experience as a Controller at NEC Computer Systems Division in Sacramento, California, where he was responsible for the division’s post merger integration with Packard Bell, a US$5 billion transaction. Prior to NEC, he was a financial manager at Apple Computer in Cupertino, California, where he participated in restructuring analysis, cost controls, and total quality management (TQM) at the Fremont Manufacturing facilities, the most automated computer factory in the world at the time. Prior to that, Mr. Nguyen was with KPMG in Silicon Valley, California, where he specialized in audit and M&A advisory work. He is the founder of Asia-Silicon Valley Connection, a networking organization with over 3,000 members consisting of technology entrepreneurs, senior executives, and venture investors. Mr. Nguyen is currently Chairman of the WTO Committee, American Chamber of Commerce in Ho Chi Minh City. He is also the Chairman of Saigon Asset Management Foundation, a U.S. nonprofit organization which provides assistance to the underprivileged in Vietnam. Mr. Nguyen received a Bachelor of Science in Accounting from San Jose State University, California. He is fluent in English and Vietnamese.
- Mr. Hoang Nguyen
Chief Investment Officer
Saigon Asset Management -
Hoang Nguyen has over 18 years of experience in banking and investment management. Mr Nguyen can count on a significant network within the investment community in Europe and especially in Vietnam. Mr Nguyen was co-founder of AsiaFirst Asset Management, a boutique asset manager with focus on investments in Vietnam. Mr Nguyen was an investment manager at Zurich Financial Services in Zurich, the biggest insurance company in Switzerland, where he had managed a portfolio of five billions Swiss Francs focusing on investments in Continental Europe. Prior to joining Zurich he was portfolio manager at UBS, the biggest Swiss bank and the biggest asset manager in the world in terms of asset under management, in Zurich, Luxembourg and New York, where he was responsible for a portfolio of US$500 millions of private wealth clients with focus on European, North American, and Japanese markets. Mr Nguyen has a master degree in business and administration from the University of St. Gallen, Switzerland. He is currently a lecturer of the program “Executive Master in Finance and Banking” at the Ho Chi Minh University of Finance and Banking in co-operation with the North-West University of Switzerland. He is an overseas Vietnamese and Swiss citizen. He is fluent in Vietnamese, German, and English.
- Mr. Desmond Lin
Managing Director - Real Estate Investments
Saigon Asset Management
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Desmond Lin has over 14 years of on-the-ground experience in investment management and value creation in Vietnam. Mr. Lin is a renowned shareholder in Vietnam and a key investment liaison with Taiwan. Prior to joining the Saigon Asset Management, Mr. Lin was a Managing Director at GrandFord Venture Capital; an investment fund specialized in listed, OTC, private equity, and infrastructure development. GrandFord was responsible for investments and building of over 500 bridges in Asia. In addition, Mr. Lin was the lead shareholder in various key targets including the Phu My Bridge, a US$180 million project in Ho Chi Minh City; International Creative Kids, a franchise of international schools in Vietnam; Horwath Technologies and Momentum Corporation, two leading banking and payment system companies, and How Yu, a major construction company with key joint venture contracts with Manila Water and Vietnam Ministry of Defense’ Company 59. Mr. Lin was Deputy General Director at various landmark projects and major joint ventures in Vietnam including the Legend Hotel, Saigon & Riverside Office Building, Hai Thanh Kotobuki, Fei-Yei/Futsu, and Dat Viet. In addition, he held senior management positions at Hallyard Resort, Peito & WuLai in Taiwan. Mr. Lin received his MBA from the University of Southern California and a BS from the University of Oregon. He is fluent in English, Cantonese, Mandarin, and Vietnamese.
- Mr. Henrik (Hien) Vu
Director - Real Estate Investments
Saigon Asset Management
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Henrik Hien Vu has over 10 years of on-the-ground experience in real estate in Vietnam including development, consultancy, research, and valuation. Prior to joining Saigon Asset Management, Mr. Vu was a Managing Director at CitiPlus Corporation; one of the leading local property consultants providing a full range of real estate services from project marketing, valuation and research, development consultancy, to property management services for high-profile local and multinational clients in Vietnam. Prior to CitiPlus, Mr. Vu was at CB Richard Ellis (CBRE) where he was instrumental in the setting up of the Corporate Services and Investment Properties Divisions in Vietnam. Prior to CBRE, Mr. Vu was a Client Manager with Calyon Corporate & Investment Bank where he was in charge of financial analysis, project-based financing, loan appraisal, and marketing of the bank’s facilities and services to multinational clients. Mr. Vu graduated from University of Greenwich (London) with a Master Degree in Real Estate Development and Investment. He is a frequent lecturer at related professional courses conducted by the Open University, Vietnam. Mr. Vu is fluent in English and Vietnamese.
- Mr. Ha Nguyen
Director - Equity Investments
Saigon Asset Management
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Ha Nguyen has over 10 years of experience in investment, marketing, human resources and operation management. Currently, Mr. Nguyen is the Chief Investment Officer of Hanoi Fund Management Company (HFM), the sub-investment manager of Vietnam Equity Holding (VEH). Prior to joining HFM, Mr Nguyen was an investment manager of Mekong Capital, Vietnam’s leading private equity firm, where he was responsible for deal sourcing and appraising investment opportunities as well as managing post-investment process. Prior to joining Mekong Capital, Mr. Nguyen worked for the AP Moller - Maersk Group for 8 years through various international assignments including Head of Americas’ marketing team, based in Copenhagen, Denmark where he was responsible for market and competitor intelligence. Before that, he held various positions within the AP Moller – Maersk Group in Marketing, Human Resources and Operations, based in Singapore, Ho Chi Minh City and Johannesburg, South Africa. Mr. Nguyen obtained an MBA from the University of South Australia and has a Bachelor of International Business from Hanoi Foreign Trade University in Vietnam. He is fluent in English and Vietnamese.
- Mr. Trung Luong
Director - Legal and Operations
Saigon Asset Management
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Trung Luong has over ten years of experience in legal practice related to investment and corporate matters and three years of general and investment compliance. Prior to joining SAM, Mr. Luong was Legal Counsel and Compliance Officer at Manulife (Vietnam), a life insurance and asset management branch of Manulife Financial. Prior to Manulife, Mr. Luong was Legal Counsel of British American Tobacco. He also had four years working as an attorney-at-law in two leading local law firms, InvestConsult Group and Thang & Associates. Mr. Luong received a Bachelor of Law from Hanoi Law School (Vietnam) and Graduate Diploma in Law from College of Law (of England & Wales). He is fluent in English and Vietnamese





