SSI Asset Management Company Limited (SSIAM) and South Korea’s NH-Amundi Asset Management Company Limited signed a memorandum of understanding on Monday to promote the former’s funds in the Korean market.

The signing was witnessed by Le Thi Le Hang, CEO of SSI Asset Management Company Limited, and Young-hoon Bae, CEO of NH-Amundi Asset Management Company Limited. Under the agreement, they will co-operate to develop products based on the VN30 and VN50 indexes and launch various funds in the Vietnamese market.

These products will also be distributed through NH-Amundi's extensive network in Korea.

Bae said: “Viet Nam is the fastest growing among emerging markets. Yet ways to invest in the Vietnamese market are still limited. With the MoU, NH-Amundi will develop various products to offer Korean investors the opportunity to invest in the market.”

NH-Amundi, a subsidiary of NongHyup Financial Group, is one of the largest fund management companies in Korea and among the top 10 in the world.

SSIAM is a subsidiary of SSI Securities Corporation, one of the leading securities companies in Viet Nam. — VNS