CCI CrossBorder, Ltd., SSI Asset Management Company Limited, along with Daiwa Corporate Investment Co., Ltd., are delighted to announce the execution of a Memorandum of Understanding – MoU for a business alliance between the three parties so as to create and expand co-investment, co-financing opportunities in Vietnam when it comes to local companies.
The three companies, which have their own strengths in the financial and investment industries in Japan and Vietnam, will join hands under this partnership as equal partners to set up a realistic structure for bolstering medium- to long-term capital provision to Vietnamese local enterprises.
CCIX, SSIAM and DCI, taking advantage of their respective expertise, networks and resources, aim to proactively recognise, organise, and implement joint investment and financing opportunities, thereby supporting the sustainable growth and development of Vietnamese businesses and the broader local economy.
Mission of the Alliance
The objective of the MoU related to co-investment, co-financing opportunities in Vietnam is to jointly identify, create and encourage a wide range of financing and investment opportunities so as to meet the growth phases and capital needs of companies across Vietnam for the three parties. The alliance will also take advantage of CCIX’s expertise to offer a broad spectrum of capital solutions that include lending and mezzanine financing in addition to equity investments that have been made by means of the Daiwa-SSIAM Vietnam Growth Fund, jointly managed by DCI as well as SSIAM to date. The three parties will make use of this multi-layered capital provision structure to support the long-term development of local companies in Vietnam.
In this alliance, the three parties will work together in, in addition to others, the following areas –
- Co-operation on investment as well as financing opportunities in Vietnam, including the setting up of a standard structure that supports a wider spectrum of financing requirements of Vietnamese local companies.
- Facilitation of matching and networking among Vietnamese local companies and relevant stakeholders.
- Exchange of information and knowledge on market trends, industry developments and regulatory and institutional environments.
Outlook
With this alliance, they want to demonstrate in a more pragmatic and execution-focused manner in Vietnam the role that Japanese financial institutions can play in high-growth overseas markets subsequently going forward in partnership with leading local financial as well as investment platforms. The three parties will continue to talk about and implement this with the goal of strengthening this financial model and making contributions to the sustainable development of the Vietnamese market.