Agreement signed to consult VN companies eyeing US listing

Thursday, Feb 16, 2023 15:31

Louis Nguyen (left), chairman and CEO of Saigon Asset Management, and Sam Van, a former director of international listing at the NYSE, at the signing ceremony in HCM City on February 15. — Photo courtesy of SAM

Saigon Asset Management said it has signed up Sam Van, a US capital market expert and former director of international listing at the New York Stock Exchange, to assist local companies seeking to raise capital or list in the US.

Louis Nguyen, its chairman and CEO, said: "Due to the current market condition, there is strong demand from Vietnamese companies seeking to raise capital and list in the overseas market. However, there appears to be a lack of understanding of the procedures, complexity and pros and cons of overseas listing.

“Van has a strong track record at the NYSE as well as helping over 60 companies to list in US exchanges through IPOs. We are delighted to partner with Van to help Vietnamese companies consider capital formation in the US and list on the NASDAQ or NYSE.”

Van said: "Viet Nam has experienced enormous growth during the past 20 years, driven in part by entrepreneur-led businesses in the fields of technology, healthcare, mobility, consumer goods, and financial services.

"I believe that providing entrepreneurs with a direct understanding and path to the largest and most liquid pool of capital in the US market would help them raise money to expand their companies and raise the level of services and quality in the Vietnamese economy."

Saigon Asset Management is a Viet Nam-focused fund manager and advisory firm. It manages investment funds, invests, and provides capital formation services across asset classes in private and listed equities.

Van is the head of the Deltec Bank & Trust's corporate advisory practice, leading the effort in US and International Exchange Listing Advisory practice.

He is also a senior advisor for Freedom Capital Markets, bringing clients a wealth of equity capital markets and regulatory expertise.

Previously, he served as an associate principal for the Financial Industry Regulatory Authority in various roles from 2012 to 2017, which included trading and financial compliance examinations, sales practice and financial risk oversight, and operational regulation. — VNS

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