Hanoi, 12 to 16 January 2009 – Within the framework of training cooperation between State Capital Investment Corporation (SCIC) and the French insurance group Prevoir, the two parties, in coordination with French Asset Management Association (AFG) and State Securities Commission of Vietnam (SSC), organize a training programme on asset management and investment process for representatives of SCIC’s holdings in its portfolio companies.

The training programme will take place in 05 days (from 12 to 16 January, 2009), with over 100 participants from joint stock companies in which SCIC represents State holdings, officers from SSC, SCIC’s staff, and others from Prevoir and VinaCapital.

The programme will cover several important topics including internal control, risk management/control, asset allocation, techniques on management and performance measurement as well as asset management in Vietnam.

Speakers/lecturers at the training programme are senior experts of AFG and other experienced experts/professionals from some big fund management companies of France. The programme aims at helping participants improve their professional capacity in asset & investment management. It is also an opportunity for all attendees, including business representatives, to meet and exchange experiences as well as to enhance their partnership networking.

This training programme is one of the activities held regularly by SCIC in order to help its portfolio companies further improve their corporate governance and business efficiency. SCIC’s CEO, Dr. Tran Van Ta, says that SCIC, as a dynamic shareholder, always wants to stand alongside its portfolio enterprises in improving their performance and increasing further their value.

Co-sponsors of the training programme include Prevoir and VinaCaptital.

Further information on the programme’s co-organizers and co-sponsors for speakers/lecturers:

1. The State Capital Investment Corporation (SCIC) was established in 2005 to manage and invest/divest State capital in various enterprises in Vietnam and to carry out investments in key industries of the economy. Currently, SCIC is managing a portfolio of more than 800 companies belonging to such sectors as financial services, energy, industry, telecoms, transportation, consumer goods, health care, and information technology. 

2. Established in 1996, the State Securities Commission (SSC) is a government agency whose function is implementing State administration on securities and securities market. SSC’s main objectives include creating a favorable environment for raising funds for investments, ensuring the stock market’s operation to be well-organized, safe, transparent, fair and efficient, and protecting legitimate rights and interests of investors.

3. The French Asset Management Association (AFG) is the professional association of the asset management industry in France. The association provides support to its members as well as promotes events/workshops on key issues of the industry (i.e. legal & tax issues, management techniques, corporate governance/management, business principles, …). Being a member of the European Asset and Fund Management Association, AFG plays an active role in drafting relevant regulations/legal framework of Europe for the asset & fund management industry. AFG represents one of the biggest asset management markets in the world with total value of assets under management of Euro 2,300 billion.

4. Founded in 1910, Prévoir is one of the leading life insurance companies in France, focusing on mid-income customers. As one of the 40 biggest financial corporations in France, Prévoir has its network of branches in Poland, Portugal and Vietnam, with more than 1,500 employees and total assets estimated at Euro 2.9 billion. In March 2005, Prevoir Vietnam life insurance company officially launched its first product, which aimed at providing insurance/protection opportunities to all Vietnamese people, especially to mid-income workers/employees.

5. VinaCapital is one of the leading investment managers in Vietnam. With its thorough market experiences and strategic networking, VinaCapital has structured strategic financial and investment products as well as successfully closed M&A deals, … VinaCapital is currently managing US$ 1.8 billion of total assets (NAV as of 30 January 2008), with 04 funds: Vietnam Opportunity Fund (VOF), VinaLand (VNL), Vietnam Infrastructure Limited (VNI), and DFJ VinaCapital L.P. Besides, VinaCapital is holding a controlling stake in VinaSecurities JSC. It has a staff of more than 180 investment officers currently working in its offices in Ho Chi Minh City, Hanoi, Da Nang, Khanh Hoa and Hong Kong (for further information, please visit: www.vinacapital.com).

For further information, please contact: