SSI Asset Management

What SSI Asset Management does

SSI Asset Management (SSIAM) is the wholly-owned fund management subsidiary of SSI Securities Corporation (HOSE: SSI), Vietnam's largest securities firm by registered capital, established in August 2007 to operate the group's asset management business. Through SSIAM, the SSI group offers open-ended mutual funds, closed-end funds, separately managed accounts, and increasingly cross-border vehicles, anchored by the long-running Daiwa-SSIAM Growth Fund series and the 2026-launched Japan-Vietnam Capital Fund with the Development Bank of Japan.

The business model rests on diversified securities-firm economics at the parent level — brokerage commission, margin financing, investment banking advisory fees, proprietary trading returns, and asset management fees — with SSIAM monetizing AUM via blended management and performance fees. Customer segments span mass-affluent and retail investors (150,000+ accounts distributed through SSIAM and parent SSI branches), Vietnamese institutional clients, and a growing cohort of Japanese institutional allocators channeled through Daiwa, DBJ, and CCI CrossBorder partnerships. Pricing follows industry-standard AUM-based management fees plus, on selected funds, performance fees.

Underlying technology includes the proprietary iBoard Web (retail) and iBoard Pro (advanced/professional) trading platforms plus an AI-powered SSI Chatbot for customer service, all deployed across the SSI ecosystem. SSIAM sits on top of SSI Research Center output (200+ company reports annually) and prepares for Vietnam's FTSE emerging-market upgrade and KRX system rollout that govern near-term addressable flow. Group headcount exceeds 1,300, with parent total assets around 93 trillion VND (~$3.6B) and a HOSE market capitalization of roughly 56,650 billion VND (~$2.2B) as of late 2025.

Name

SSI Asset Management

Legal name

SSI Securities Corporation

Website

https://ssi.com.vn

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SSI Asset Management (SSIAM) is the fund management arm of SSI Securities, Vietnam's largest securities firm, managing approximately $1 billion in mutual funds and mandates for retail, institutional, and Japanese partner clients via long-standing Daiwa and DBJ collaborations.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Open-End Investment Funds (52591)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Private Client Custody & Brokerage (Execution, Reporting, Safekeeping) (FSAAABAN)

akta.pro secondary industries

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB), Fund Custody & Depositary Services (UCITS/AIFMD & Mutual Funds) (FSAFAHAD)

Keywords

• Asset management services
• Fund management
• Securities brokerage
• Investment banking advisory
• Proprietary trading

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Brokerage Commission Revenue: Commissions from executing buy and sell orders for retail and institutional clients across HOSE, HNX, and UPCOM exchanges on equities, derivatives, covered warrants, and fund certificates. Fee schedules are publicly disclosed for trading and custody services.
2. Margin Financing: Interest income from providing margin loans (leverage) to customers for purchasing securities. Margin trading services are offered to both retail and institutional clients.
3. Investment Banking: Fees from equity capital market (ECM) underwriting, debt capital market (DCM) bond issuance advisory, M&A advisory, and corporate finance advisory services for corporate clients.
4. Fund Management (SSIAM): Management fees from managing open-ended funds, ETFs, member funds, and voluntary pension funds under SSI Asset Management subsidiary. SSIAM reported AUM of approximately 1 billion USD. Includes the Japan-Vietnam Capital Fund co-launched with Development Bank of Japan.
5. Proprietary Trading: Proprietary trading and treasury operations including liquidity management, money market trading, debt capital market trading, and structured products and derivatives trading.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

SSI Asset Management (SSIAM) is the fund management subsidiary of SSI Securities Corporation, Vietnam's largest securities firm. SSIAM manages open-ended funds, ETFs, member funds, voluntary pension funds, and private managed portfolios for institutional investors, with reported AUM of approximately 1 billion USD. The parent entity provides retail and institutional securities brokerage, equity/debt capital market underwriting, M&A advisory, margin financing, and proprietary trading through proprietary digital platforms (iBoard Web and iBoard Pro) and a nationwide branch network.

Product overview

SSI Securities Corporation operates as a comprehensive financial institution with a platform-plus-modules architecture. The core offerings include iBoard Web (web trading) and iBoard Pro (mobile trading) as the primary digital platforms, supported by SSIAM's fund management products (Open-ended Funds, ETFs, Member Funds, Private Managed Portfolio). The company provides brokerage services (retail and institutional), investment banking (ECM, DCM, M&A), treasury services, and research. SSIAM manages various fund products including SSI-SCA, SSI-VNX50 ETF, SSI-IMF member funds, and the newly launched SSIPDF (SSI Dual Power Dividend Fund). The product ecosystem is connected through trading platforms and supplemented by research, analysis tools, and investment advisory services.

Differentiator

Problem solved

Functional benefit

Brands

• iBoard Pro: Mobile trading application for securities trading
• iBoard Web
• SSIAM
• SSI Research Center
• Café Chứng
• SBOND
• SSafe
• SWealth
• SGrowth

Products and services

• Open-ended Funds (SSI-SCA)
• SSI ETF (VN-X50)
• SSI Member Funds (SSI-IMF)
• Private Managed Portfolio
• Japan-Vietnam Capital Fund
• SSI Dual Power Dividend Fund (SSIPDF)
• Daiwa-SSIAM Vietnam Growth Fund Series
• Retail Brokerage Services
• Institutional Brokerage Services
• Investment Banking Services
• Covered Warrants (Chứng quyền có bảo đảm)
• SBOND Bond Investment Product
• Voluntary Pension Funds

Quantifiable outcome

• SSIAM AUM reached 1 billion USD as of early 2026
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered strategic and flagship.

• CCI CrossBorderstrategicStrategic or Co-development Partner · 12 May 2026SSI Asset Management signed a strategic cooperation agreement with CCI CrossBorder and Daiwa Corporate Investment in Hanoi on May 12, 2026. The partnership aims to jointly source, structure, and execute medium and long-term investment and financing opportunities for Vietnamese enterprises, particularly in the manufacturing and industrial sectors.
• Daiwa Corporate InvestmentstrategicStrategic or Co-development Partner · 12 May 2026Extends the existing Daiwa-SSIAM Vietnam Growth Fund series with diversified capital solutions including credit and mezzanine financing. Facilitates connections between Vietnamese companies and Japanese investors, leveraging Vietnam's FTSE upgrade from frontier to emerging market status.
• Development Bank of Japan (DBJ)flagshipStrategic or Co-development Partner · 3 February 2026DBJ and SSIAM officially launched the Japan-Vietnam Capital Fund on February 3, 2026. The fund is designed to channel high-quality capital into Vietnam's equity market, targeting listed companies with strong governance and growth potential. The launch coincided with Vietnam's FTSE Russell upgrade to Secondary Emerging Market status.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• VNDirect Securities Corporation: One of Vietnam's largest securities firms by market share, offering retail and institutional brokerage, investment banking, and asset management. Direct head-to-head competitor to SSI across all major product lines in the Vietnamese market.
• Ho Chi Minh City Securities Corporation (HSC): Major Vietnamese securities firm providing brokerage, investment banking, and asset management services. Listed on HOSE and competes directly with SSI in both retail brokerage and institutional capital markets advisory.
• Vietcombank Securities (VCBS): Securities subsidiary of Vietcombank, one of Vietnam's largest state-owned banks. Offers full-service brokerage, IB, and asset management with strong corporate relationships from parent bank, competing directly with SSI in ECM/DCM and institutional brokerage.
• MB Securities (MBS): Securities arm of Military Commercial Joint Stock Bank (MBBank). Provides brokerage, investment banking, and fund management services, competing with SSI across retail and institutional segments in Vietnam.
• Saigon-Hanoi Securities (SHS): Vietnamese securities firm offering brokerage, investment advisory, and asset management. Competes with SSI in retail brokerage and proprietary trading in the Hanoi-focused market.
• ACB Securities (ACBS): Securities subsidiary of Asia Commercial Bank (ACB), offering full-service brokerage, investment banking, and asset management. Direct competitor to SSI in retail brokerage and Vietnamese institutional markets.
• Mirae Asset Securities Vietnam: Vietnamese subsidiary of Korean securities firm Mirae Asset, offering retail and institutional brokerage plus asset management. Foreign-owned competitor bringing international capabilities to compete with SSI in the Vietnamese market.
• Yuanta Securities Vietnam: Taiwanese-owned securities firm operating in Vietnam, offering brokerage and investment banking services. Foreign-owned competitor with growing market share in Vietnamese equities and derivatives, competing with SSI for institutional flow.
• KIS Vietnam Securities: Korean-owned securities firm providing brokerage, investment banking, and research in Vietnam. Competitor to SSI particularly in institutional brokerage and equity research distribution.

Broad incumbents

• Daiwa Securities Group: Japanese financial services conglomerate and strategic shareholder of SSI since 2008. While primarily a partner, Daiwa operates globally in securities, investment banking, and asset management and represents the closest regional incumbent comparable to SSI's full-service platform.

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC2WQT8Pr9eFV1PaYiF-VASw
• Facebookfacebook.com/profile.php?id=100064741894674
• LinkedInlinkedin.com/company/ssi-securities-corporation
• Instagraminstagram.com/chungkhoanssi

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SSI Asset Management