SAM teams up with Greater Houston Partnership

October 29, 2012 | 17:00
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Saigon Asset Management (SAM) has signed a memorandum of understanding with the US-based Greater Houston Partnership to help American and Vietnamese companies enter each other’s markets.

SAM chief executive Louis Nguyen said: “We are delighted to enter in this partnership with 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 Ho Chi Minh City, we have taken the opportunity to open a new office in Houston to facilitate efforts between the two cities.”
 
Genaro J. Pena , GHP’s vice president of international investment and trade, said: “This is a strategic deal for both of us. It 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.”
 
SAM currently manages investment funds Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), listed traded on the Frankfurt Stock Exchange and Xetra, a worldwide electronic securities trading system based in Frankfurt.
 
It has developed a 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. SAM runs an office in Houston, Texas.
 
SAM is raising capital for two regionally focused funds – Indochina Energy Holding and Funan Impact Investment Holding. The former is for investments in energy and natural resources, while the latter focuses on impact investments and agriculture.

The Greater Houston Partnership (GHP) was founded in 1989 and represents interests of Houston companies, facilitating relocations and expansions in the area and well as international outreach initiatives.

By Tuong Thuy

vir.com.vn

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