Top Fund Management Companies in Vietnam

Vietnam's fund management industry has been growing rapidly over the past few years, driven by favorable government initiatives, a growing economy, and increasing demand for investment products. With a population of nearly 100 million people and a GDP growth rate of 6.5% in 2022, the country has become an attractive destination for fund management companies from around the world.

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CompanyHeadcountContactDescriptionDecision Maker
ANTLER1,814

SAISON CAPITAL37

QUEST VENTURES53

500 GLOBAL2,001 +65 6340 7200

500 Global is a venture capital firm with over $2.7B in Assets Under Management that invests early in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. 500 Global has backed over 5,000 founders representing more than 2,600 companies operating in 80 countries. Our portfolio includes 51 companies valued at over $1 billion and 140 companies valued at over $100 million. Our 140+ plus team members are located in more than 15 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.

BEENEXT47 +65 9720 2214

BEENEXT is a venture capital firm investing in early stage technology startups from India, Southeast Asia, Japan, and USA.

DIAS ADVISORS13 +84 316 924 736

DIAS advisors was founded on the principles of transparency, efficiency and quality service delivery.We are passionate about startups and SMEs, we hope to create a market place for everyone in Vietnam to have access to foreign direct investment and world-class advisory. We are a team of highly skilled professionals with combined experience stretching over many decades in M&A Advisory, Private Banking, Investment Management and Financial Analysis.We have successfully matched investors to companies in Vietnam and our direct investment into startups means we have experienced the challenges and successes our clients may come to face.Our continued efforts to create a sustainable marketplace and quality investment propositions is based on verified metrics by way of historic transactions and thorough financial review, superior advisory and a pro-active approach to matching investors.

MONK'S HILL VENTURES55 +65 6514 0015

Founded in 2014 by entrepreneurs Peng T. Ong and Kuo-Yi Lim, MHV is a venture capital firm investing in early-stage tech companies, primarily pre-Series A and Series A, in Southeast Asia. Backed by institutional investors and family offices worldwide, MHV works with great entrepreneurs to use technology to improve the lives of millions of people in the region.

GGV CAPITAL545 +65 6805 2400

GGV Capital is a global venture capital firm focused on multi-stage, sector-focused investments. Recognizing that the talent to build great companies can come from anywhere, the firm invests in founders building category-leading companies around the world. Founded in 2000 with roots in Singapore and Silicon Valley, GGV has expanded with additional offices in San Francisco, Shanghai, and Beijing. The firm manages $9.2 billion in investments across the United States, Canada, China, Southeast Asia, India, Latin America, and Israel. Over the past two decades, the firm has backed more than 400 companies, including Affirm, Airbnb, Alibaba, BigCommerce, Boss Zhipin, Grab, HashiCorp, Hello, JD MRO, Keep, Kujiale, Manbang, NIU, Opendoor Technologies, Peloton, Poshmark, Qunar/Ctrip, Slack, Square, StockX, Udaan, Wish, XPeng, Zendesk, Zuoyebang, and more. More information can be found at www.ggvc.com and @ggvcapital.

INSIGNIA VENTURES PARTNERS29 +65 9784 9810

Insignia Ventures Partners is a Southeast Asian early-to-growth stage technology venture capital firm founded in 2017. Portfolio companies include GoTo (IDX: GOTO), Appier (TSE: 4180), Carro, Ajaib, Shipper, Tonik, Flip, Fazz, Super and many other technology market leaders. We partner early with founders and support them from seed through growth stage as their companies create meaningful impact for millions of people in Southeast Asia and beyond. Our team of investment and operating professionals brings together decades of experience and proprietary networks to equip our founders with the tools they need for growth. We manage capital from premier institutional investors including sovereign wealth funds, foundations, university endowments and renowned family offices from Asia, Europe and North America.At Insignia, culture is the core that propels us forward. We value diversity, honesty and transparency. Most importantly, we want our team members and portfolio companies to add to our culture. We are a unique team of passionate and multi-talented people; each distinct yet strongest together. We are inspired by that moonshot ambition to reshape markets and change the world starting with Southeast Asia. If you are looking to work alongside some of the best and brightest in a myriad of fields, come join a team that does great things while creating a life you are passionate about.

KV ASIA CAPITAL21 +65 6550 5717

KV Asia Capital is a private equity firm focused on making significant equity investments in quality mid-sized companies in South East Asia. Our goal is to be a partner of choice providing more than capital and ensuring value add throughout the investment process. KV Asia Capital has an experienced, cohesive and multidisciplinary team with the necessary expertise to partner with investee companies to facilitate profitable change and to implement strategic, operational and financial initiatives.

QQQ CAPITAL MANAGEMENT15 +65 6653 3388

MAS regulated hedge fund based in Singapore.

NAVIS CAPITAL PARTNERS114 +65 6438 0711

Navis Capital Partners was founded in 1998 in order to make private equity investments in buyouts, recapitalisations and financial restructurings in Asia, particularly on enterprises with a strong presence in South and Southeast Asia. Navis acquires control of its portfolio companies. Since its founding Navis has made over 60 controlling investments most of which have been completed with little reliance on acquisition finance. All Navis’ companies are leaders or near leaders in their fields. Industries/segments in which Navis has invested include food processing, fast food/casual dining, industrial products, fast moving consumer goods, outdoor advertising, auto rentals, consultancy and professional services, amongst others. The firm contributes both capital and management expertise to its portfolio companies with the objective of directing strategic, operational and financial improvements, typically through initiatives that drive growth, margin improvement and asset efficiency. Navis’ investment model places a low reliance on leverage to drive its equity returns. The firm manages several private and public equity funds totaling USD 5 billion, and whose investors include a number of well-known US, European, Middle Eastern and Asian commercial and investment banks, pension funds, insurance companies, corporations, foundations, as well as a number of high net worth individuals and family offices. Navis has one of the largest private equity professional team in Asia, comprising over 65 individuals, supported by over 35 administrative staff, in six offices across the region.See the latest updates directly from our Newsroom:https://www.naviscapital.com/newsroom#newsroomWhat We Offer and What We Seek: Visit our Career Page: https://www.naviscapital.com/careers

WESTERN ASSET MANAGEMENT961 +65 6428 3600

Since 1971, Western Asset Management Company has provided global fixed-income investment management services for a wide variety of clients. Our long term, fundamental value approach utilizes our extensive research and risk management capabilities and seeks to provide superior returns for our clients. Headquartered in Pasadena, California, Western Asset’s global presence includes offices in New York, London, Tokyo, Singapore, Hong Kong, Melbourne, São Paulo and Zurich.

STIC INVESTMENTS75 +65 6861 9848

STIC Investments, Inc. (“STIC”) is one of the largest and most experienced private equity firms in Korea. STIC seeks to create growth and prosperity in economies across Asia through investing in companies that engage in promising businesses.Starting its operations as a venture capital firm in 1999, STIC is now renowned as a leading private equity firm in Korea with proven 20-year track record and abundant investment experience in multiple business cycles.STIC’s global investor base includes sovereign wealth funds, public pension funds, insurance companies, financial institutions, family offices, endowments, foundations, and fund of funds from Korea, Southeast Asia, Middle East, and Europe.

NORTHSTAR GROUP81 +65 6533 3211

The Northstar Group is a Singapore headquartered private equity firm managing more than US$2.5 billion in committed equity capital dedicated to investing in growth companies in Indonesia and to a lesser extent, other countries in Southeast Asia.The Northstar Group has a solid track record of actively growing the businesses of its investee companies over its investment horizon. Since its founding in 2003, the Northstar Group has raised five private equity funds and a venture capital fund and invested in more than 50 companies across the banking, insurance, consumer/retail, manufacturing, technology, telecom, and agribusiness sectors. The Northstar Group has invested over US$3.3 billion with its co-investors in the Southeast Asian region. The Northstar Group is supported by a team of over 25 professionals. The team brings together significant international experience, deep local market insight, and sensitivity to local conventions and conditions The investors in the Northstar Group funds include a global list of sovereign wealth funds, pension funds, endowments, family offices, and other institutional investors. The Northstar Group holds a Capital Markets Services License for the provision of Fund Management services from the Monetary Authority of Singapore. The Northstar Group is also an Exempt Reporting Advisor with the United States Securities and Exchange Commission.

TECHSTARS3,093 +65 6735 1987

The worldwide network that helps entrepreneurs succeed. We provide access to capital, mentorship, talent, and infrastructure.⬇️ Apply now

TRIPLE P CAPITAL10 +65 8424 8703

Triple P Capital is an expert investor in Southeast Asian non-bank financial services. The firm focuses on high-growth businesses that reach emerging consumers in Indonesia, Philippines, Vietnam, Cambodia and Thailand. Triple P’s team consists of experienced financial services entrepreneurs, operators and investors, who work closely with the firm’s partner businesses to create value. In addition to delivering superior financial returns the firm focuses on promoting financial inclusion.

DRAPER STARTUP HOUSE69 +65 6423 0237

We think of Draper Startup House as the NEW INTERNATIONAL CHAMBER OF COMMERCE consisting of physical business hubs, education services, venture capital and technology services. With current location in 18 countries, our mission is to expand to 100 countries by 2030 and help create 1 million news businesses worldwide through our global business ecosystem.Through the use of real human connection, inspired business travel, a diverse-minded community and access to global citizens - one is able to connect to new opportunities, inspire one another to innovate and execute, and empower one another to GO BIG, pay it forward, and drive progress.

新希望集团 NEW HOPE GROUP201 +65 6221 5816

新希望集团有限公司创立于1982年,是伴随中国改革开放进步和成长的民企先锋。在30余年的发展中,新希望连续16年位列中国企业500强前茅,创造了巨大的社会价值与商业价值。在发展中,新希望集团基于自身资源和优势,不断开拓新的产业领域,目前,新希望集团已逐步成为以现代农业与食品产业为主导,并持续关注、投资、运营具有创新能力和成长性的新兴行业的综合性企业集团。New Hope Group was founded in 1982. It is a pioneering private company which has progressed and grown along with China’s reform and opening-up. Over the past three decades, New Hope Group has remained among the Top 500 Chinese enterprises for the past 16 consecutive years. It has created tremendous social and commercial value. Today, New Hope Group has a broad base of operations that mainly engage in agriculture, animal husbandry and food processing, but we also operate and invest in emerging innovative industries with growth potential.

JUNGLE VENTURES44 +65 6260 0557

We started Jungle in 2012 with the goal of creating a different kind of venture capital firm, by not trying to be everything to everyone. We have done this by focusing on fewer investments than our peers and only targeting entrepreneurs who have ambitions to build regional if not global category leaders. We also invested in building a team that has more than 100 years of actual operating experience and diverse networks in the region, with a deep commitment to helping the few entrepreneurs that we back every year. This has helped our founders be more effective at early stages with Jungle providing steady access to longer term capital and relevant market expansion expertise.Jungle invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SMEs adopt technology and disruptive technology ideas with global potential. We are proud to have been the earliest backers of companies such as Livspace, Reddoorz, Pomelo, Kredivo, TookiTaki, Deskera, Sociolla amongst others.

Top Fund Management Companies in Vietnam

Key Statistics from 2022

According to the State Securities Commission of Vietnam, the total assets under management (AUM) of the fund management industry in Vietnam reached VND 4,500 trillion (USD 193 billion) in 2022, a 25% increase compared to the previous year. The industry employed over 1,200 workers, with the top 10 companies accounting for 80% of the total AUM.

Factors Contributing to its Growth and Success

The Vietnamese government has been actively promoting the development of the fund management industry through various initiatives. One such initiative is the establishment of favorable policies and regulations for fund management companies, which have helped to attract foreign investment and promote the industry's development. The government has also invested in infrastructure, including the development of the stock exchange and financial services sector, which has facilitated the growth of the industry.

In addition, the growing middle class in Vietnam has led to increasing demand for investment products, such as mutual funds and exchange-traded funds (ETFs). Vietnam's young and tech-savvy population is also increasingly turning to online platforms and digital channels for investment advice and trading.

Industry Growth and Comparison to Previous Years

The fund management industry in Vietnam has experienced significant growth over the past decade. In 2010, the total AUM of the industry was only VND 9.2 trillion (USD 397 million), while in 2022, it reached VND 4,500 trillion (USD 193 billion), a nearly 50-fold increase. The industry's growth rate has also been impressive, with an average annual growth rate of 34.6% between 2010 and 2022.

Key Trends

One of the key trends in the fund management industry in Vietnam is the increasing adoption of new technologies, such as robo-advisory and artificial intelligence. These technologies have enabled companies to provide more personalized and efficient services, reduce costs, and improve customer experience. In addition, the industry is witnessing a shift towards more sustainable and socially responsible investment practices, with companies investing in environmental, social, and governance (ESG) factors.

Another trend is the increasing importance of passive investing and ETFs, which offer investors lower fees and greater diversification. Vietnam's stock exchange has seen the introduction of several ETFs in recent years, and more are expected to be launched in the future.

Challenges

Despite its growth and success, the fund management industry in Vietnam faces several challenges. One of the main challenges is the lack of investor education and awareness, particularly among retail investors. Many investors in Vietnam still prefer to invest in traditional assets, such as real estate and gold, rather than financial products.

Another challenge is the need for greater transparency and corporate governance in the industry. The industry has been plagued by scandals and frauds in recent years, which have eroded investor confidence and hindered the industry's growth.

Future Outlook

The future outlook for the fund management industry in Vietnam is positive, with continued growth expected in the coming years. The Vietnamese government has set a target of VND 20,000 trillion (USD 861 billion) in AUM by 2030, which would require an average annual growth rate of 15% between 2022 and 2030.

To achieve this goal, the government is focusing on promoting the development of the fund management industry, improving investor education and awareness, and enhancing corporate governance and transparency. The government has also signed several free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), which are expected to boost the industry by increasing trade and investment.

The industry is also likely to benefit from the increasing adoption of new technologies, which will enable companies to provide more personalized and efficient services, reduce costs, and improve customer experience. The industry is also expected to witness a shift towards more sustainable and socially responsible investment practices, driven by increasing demand from investors and regulators.

The industry is likely to face new challenges and opportunities in the future, including increasing competition from other countries, the need for greater investment in research and development, and changing regulations. Companies that can adapt to these changes and leverage new technologies are likely to succeed in the future.

Conclusion

The fund management industry in Vietnam has become an important sector of the country's economy, with significant growth and potential for the future. The industry has benefited from favorable government initiatives, a growing economy, and increasing demand for investment products. However, the industry also faces several challenges, including the lack of investor education and awareness, and the need for greater transparency and corporate governance.

The industry is expected to continue to grow in the future, driven by new technologies, increasing demand, and government initiatives. To remain competitive, companies will need to invest in research and development, promote innovation, and adopt sustainable practices. With the right strategies and investments, the fund management industry in Vietnam can continue to thrive and contribute to the country's economic development.

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By Melissa Goh
Published on 31 May 2023