PVI Asset Management

What PVI Asset Management does

PVI Asset Management Joint Stock Company (Công ty Cổ phần Quản lý Quỹ PVI), operating as PVI AM, is one of the top 10 asset management companies in Vietnam by assets under management and advisory, with 18,000+ billion VND (~$720M USD) in AUM as of 2025. Founded in February 2015 under Vietnam State Securities Commission license, the firm operates within the PVI Holdings ecosystem with strategic shareholders HDI Global SE (Germany, Talanx Group) and PVN (PetroVietnam). The company specializes in fixed income and multi-asset portfolio management, operating a platform-plus-products model comprising four investment funds (POF opportunity fund, PIF infrastructure fund, HPP member fund, and the IFNPVI public open-ended bond fund) and three core services (fund management, discretionary portfolio management, and investment advisory).

The firm's underlying technology platform centers on quantitative risk and credit analytics: mark-to-market valuation, risk budgeting frameworks based on marginal risk contribution, Value-at-Risk and Expected Shortfall modeling, stress testing, scenario analysis, and a proprietary credit risk assessment methodology evaluating cash flow quality, leverage, interest coverage, and qualitative management factors. Governance follows a Three Lines of Defense enterprise risk model with an independent risk function reporting to the Board. Internationally recognized with the Asset Triple A 2026 'Asset Management Company of the Year - Fixed Income (Vietnam)' award, PVI AM maintains offices in Hanoi (headquarters) and Ho Chi Minh City.

PVI AM generates revenue through three recurring streams tied to assets: fund management fees (percentage of AUM across all investment funds), portfolio management fees (discretionary and outsourced mandates for institutional clients), and investment advisory fees (including mandates for foreign investors such as HDI Global SE). The go-to-market combines direct institutional sales for enterprise clients with banking partner distribution for HNWI/mass-affluent segments, and public fund distribution channels for retail investors via the newly launched IFNPVI fund. Customer segments span institutional investors (corporations, insurance companies, financial institutions), corporate treasury clients with idle cash, and increasingly the HNWI and retail segments following the 2026 IFNPVI launch. The historical 10-20% annual AUM growth, 10.5% POF dividend yield, and 8.2% PIF dividend yield in 2025 reflect a profitable, capital-disciplined business model aligned with international institutional standards.

Name

PVI Asset Management

Legal name

Công ty Cổ phần Quản lý Quỹ PVI

Website

https://pviam.com.vn

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

PVI Asset Management is a top-10 Vietnam-based asset management firm providing fixed income fund management, discretionary portfolio management, and investment advisory services to institutional clients (insurance, corporates, financial institutions), HNWI, and retail investors. It operates four funds (POF, PIF, HPP, IFNPVI) within the PVI Holdings ecosystem with HDI Global SE backing.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 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. Fund Management Fees: Management and performance fees charged on assets under management across all investment funds including POF (Opportunity Investment Fund), PIF (Infrastructure Investment Fund), and IFNPVI (Liquidity Bond Fund). Fees are calculated as a percentage of AUM and represent the primary revenue driver.
2. Portfolio Management Fees: Discretionary and outsourced portfolio management fees charged to institutional clients (corporations, insurance companies, financial institutions) for customized investment management mandates.
3. Investment Advisory Fees: Investment advisory fees charged for providing investment advisory services, including to foreign investors and institutions seeking specialized Vietnam market expertise.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

PVI Asset Management provides professional asset management services in Vietnam, managing investment funds (IFNPVI liquidity bond fund, PIF infrastructure fund, POF opportunity fund, HPP fund), offering discretionary portfolio management, and delivering investment advisory services to institutional and individual clients. The company specializes in fixed income and multi-asset strategies, applying mark-to-market valuation, risk budgeting, stress testing, and Value-at-Risk methodologies.

Product overview

PVI AM is a TOP 10 asset management company in Vietnam providing comprehensive investment solutions. The company operates a platform-plus-products model consisting of: (1) Three investment funds - IFNPVI (Liquidity Bond Fund, a public open-ended fund), PIF (Infrastructure Investment Fund, a member fund), and POF (Opportunity Investment Fund, a member fund), plus HPP Investment Fund; (2) Three core services - Fund Management, Portfolio Management, and Investment Advisory. The funds are designed for different investment strategies and investor segments, from individual investors (IFNPVI) to institutional investors (PIF, POF, HPP member funds).

Differentiator

Problem solved

Functional benefit

Brands

• IFNPVI (Infinity PVI): PVI AM's first public open-ended liquidity bond fund launched in 2026, designed to provide individual investors with a professional, liquid and conservative fixed income investment solution.
• POF (PVI Opportunity Investment Fund)
• PIF (PVI Infrastructure Investment Fund)

Products and services

• IFNPVI Liquidity Bond Fund (Infinity PVI) A professionally managed public open-ended bond fund designed for individual investors, offering liquidity, safety, and professional fixed income investment solutions. It is PVI AM's first public open-ended bond fund.
• PVI Infrastructure Investment Fund (PIF) An infrastructure-focused member investment fund managed by PVI AM, targeting infrastructure development opportunities in Vietnam. Generated 8.2% cash dividend yield in 2025.
• PVI Opportunity Investment Fund (POF) An opportunity-focused member investment fund managed by PVI AM, providing diversified investment solutions in Vietnam. Generated 10.5% cash dividend yield in 2025.
• HPP Investment Fund A member investment fund registered and managed by PVI AM, established to provide diversified investment opportunities.
• Fund Management Services Professional fund management services covering establishment, operation, and management of investment funds including public funds, member funds, and specialized funds.
• Portfolio Management Services Discretionary and outsourced portfolio management services for institutional and individual investors, focusing on fixed income and diversified investment strategies.
• Investment Advisory Services Professional investment advisory services providing market analysis, investment strategy consulting, and portfolio recommendations for foreign investors and institutions seeking specialized Vietnam market expertise.

Quantifiable outcome

• 10.5% cash dividend yield for POF fund (2025)
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• PwC VietnamminorOthers · 11 May 2026PwC Vietnam was contracted in May 2026 to provide auditing services for PVI AM's financial statements and operations, including audit services for the IFNPVI Liquidity Bond Fund's FY2026.
• HanoiREminorOthersHanoi Real Estate and Insurance partnership/cooperation organization listed as a partner of PVI AM on the company's website.
• PVI HoldingscoreOthersPVI AM is a member company of PVI Holdings, part of the broader PVI insurance and financial ecosystem that includes PVI Insurance and other financial services companies. The ecosystem provides distribution relationships, brand credibility, and operational synergies.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• SSIAM (SSG Asset Management): Vietnamese asset manager affiliated with Saigon Securities (SSI), operating open-end and closed-end funds across fixed income and equities. Comparable to PVI AM as a top-10 Vietnam asset manager offering both institutional and retail fund products.
• VinaCapital: One of Vietnam's largest and most established asset managers, managing closed-end funds, open-end funds, and real estate vehicles for institutional and retail investors. Directly comparable to PVI AM in fixed income and multi-asset fund management for the Vietnamese market.
• VietFund Management: Vietnamese asset management joint stock company managing a range of open-end and closed-end funds. Comparable to PVI AM as a domestic mid-tier asset manager serving both retail and institutional investors in Vietnam.
• Dragon Capital: Vietnam-focused asset manager with a long track record in equity, fixed income, and balanced funds for institutional and retail clients. Comparable to PVI AM in product breadth and AUM scale within the local institutional market.
• VNDirect Fund Management: Vietnamese asset manager linked to VNDirect Securities, running open-end funds (equity, bond, balanced) for retail and institutional clients. Directly comparable to PVI AM in product mix and distribution via securities-company channels.

Broad incumbents

• Eastspring Investments Vietnam (Prudential): Vietnam fund arm of Prudential's asset management group, distributing unit-linked and open-end funds through bancassurance. Comparable to PVI AM in serving insurance-balance-sheet assets and in fixed income fund products for retail via bank channels.
• Manulife Investment Management Vietnam: Vietnamese arm of Manulife's global asset management business, offering unit-linked and investment funds. Comparable to PVI AM in targeting insurance-linked and individual savings pools, with broader parent-group capabilities.
• Mirae Asset (Vietnam): Vietnamese operation of Mirae Asset's regional asset management platform, offering mutual funds and discretionary mandates. Comparable to PVI AM in the institutional and retail fund management space, with a global distribution backstop.

Regional players

• ACB Asset Management: Asset management arm of Asia Commercial Bank (ACB) in Vietnam, distributing funds through ACB's retail banking network. Comparable to PVI AM in using bank distribution channels to scale retail and HNWI fixed income products.
• KB Securities Vietnam (KBSV) / KB Asset Management: Vietnamese operation of Korea's KB Financial Group, offering brokerage and asset management products. Comparable to PVI AM as a foreign-affiliated asset manager active in the local fixed income and equity fund market.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pviam.com.vn
• LinkedInlinkedin.com/company/pviam

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about PVI Asset Management