Saigon Asset Management Hires New CIO

(Ho Chi Minh City, Vietnam - September 23, 2009) Saigon Asset Management (SAM), the investment manager of two top performing Vietnam focused funds, today announced the appointment of Mr. Hoang Nguyen, in the new role as Chief Investment Officer (CIO).

Mr. Hoang Nguyen previously was an investment manager at Zurich Financial Services (ZFS), overseeing 5 billion Swiss francs of asset under management. He was also a portfolio manager for UBS in Zurich, Luxembourg and New York, where he was responsible for a portfolio of over US$500 millions of private wealth clients with focus on European, North American, and Japanese markets.

"We're delighted to have Hoang joining us in this vital role as he will help strengthen our investment capabilities and value creation process", said Mr. Louis Nguyen, (no relations) Chairman and CEO of SAM, "To have someone with his track record and accomplishments on the ground in Vietnam is certainly a rare occurrence, this is truly a win-win for our firm and investors".

Along with having two decades of investment experience, Mr. Hoang Nguyen holds a Master Degree in Business 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.

"The decision was simple after I spent significant time with the team. I understood the opportunities and chose to join a top fund manager in the emerging country of Vietnam," said Mr. Hoang Nguyen, "Our challenges will be in our execution ability in sourcing great deal flow and having clear exit plans for each investment we make".

SAM is in the process of launching new, highly differentiated investment funds focusing on equities and real estate in Vietnam.

About SAM

Established in 2007, Saigon Asset Management (SAM) is the investment manager for Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), which are both Cayman Islands investment funds listed on the Frankfurt Stock Exchange and Xetra.  SAM is currently managing approximately US$125 millions of assets under management, including listed securities, private equity, and real estate assets.

In 2008, VEH and VPH were both ranked as the top performing funds in Vietnam according to LCF Rothschild.

The company also provides M&A advisory services for multinationals seeking Vietnam entry.
SAM is based in Ho Chi Minh City, Vietnam, and currently employs over 20 financial professionals.  For more information, please visit our website at www.saigonam.com.

Media/Investor Relations:

Ms Van Ngo
Saigon Asset Management
TMS Building, 12th Floor
172 Hai Ba Trung Street, District 1
Ho Chi Minh City, Vietnam
Phone: +84-5404-3488
Cell: +84-122-860-5958
Fax: +84-5404-3487
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
www.saigonam.com

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