Top Venture Capital And Private Equity Companies in Vietnam

The venture capital and private equity industry is rapidly growing globally, and Vietnam is no exception. The country's economy has been growing at an average rate of 6.5% per year over the past decade, and the venture capital and private equity industry is one of the sectors contributing to this growth. This article will explore the key statistics from 2022, the factors contributing to the industry's growth and success, the industry's growth and comparison to the previous years, the key trends, the challenges, and the future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
VINACAPITAL VENTURES6 +84 28 3821 9930
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Seeded by VinaCapital Group, VinaCapital Ventures is a USD100 million Vietnam-focused venture capital platform focused on investing in and building world-class technology companies and incorporating them into a full digital ecosystem. Our mission is to support entrepreneurs with big ideas and to help them build companies that make a significant impact on the lives of people in Vietnam and beyond. We partner with entrepreneurs and empower them with capital, access to our extensive business network, and local know-how from our years of experience in Vietnam and Southeast Asia.

IDG CAPITAL VIETNAM22 +84 24 6269 9909
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IDG Capital Vietnam (IDGCV) is a member of IDG Capital - an international investment firm with over $20 billion under management, focusing on private equity, venture capital and mergers and acquisitions. IDGCV is investing in Vietnam market with focus on Consumer goods, Healthcare & Pharmaceuticals and Logistics/Warehousing, targeting profitable companies with strong growth, well-defined value creation opportunities, talented management teams with a secret recipe for generating recurring business success and profits. With a senior management team who have over 35 years of combined investment, management and operational experience in Vietnam and South East Asia, we contribute to the sustainable growth of our portfolios. Our offices are located in Hanoi city and Ho Chi Minh City, Vietnam.

VELOCITY VENTURES VIETNAM1 (blank)
hello@velocityventures.co

Velocity Ventures Vietnam (VVV) is the first home-grown venture capital firm that targets Seed round to series A investment in Vietnam.

STRATCAP INTERNATIONAL - STRATEGIC INVESTMENT & CONSULTING2 +84 28 3744 6076
stratcap@stratcap.org

StratCap service offerings include advisory for merger & acquisitions, private equity/ venture capital fund raisers business intelligence and analytics, strategic business planning and entry strategy etc.

IDG VENTURES VIETNAM38 +84 24 2220 0348
info@idgvv.com.vn

IDG Ventures Vietnam (IDGVV) is the first technology venture capital fund in Vietnam. Since 2004, weve been working with entrepreneurs to grow innovative and market-leading companies. IDGVV currently has $100 million under management, with investments in over 40 companies in the technology, media, telecommunications, and consumer sectors. Our offices are located in Ho Chi Minh City, Hanoi, and Singapore. Our anchor Limited Partner investor is International Data Group (IDG), the worlds largest IT media company. IDG Ventures is a global family of 5 locally-managed funds in China, Vietnam, India, Korea, and the United States totaling over $3.7 billion under management. As one of the truly global venture firms, IDG Ventures has invested in over 350 companies over the last 17 years.

TOUCHSTONE PARTNERS10 (blank)
hello@touchstone.vc

We believe being venture capital investors means more than just funding promising startups. We founded Touchstone Partners in 2021 because we want to invest our time and experience, as well as capital, to help develop Vietnams next generation of entrepreneurs. We have a passion for working with founders and helping them realize their visions and actively seek out those who have a strong social purpose and build company cultures that are the most driven, resilient and inspiring. After we have done our due diligence, crunched the numbers, and gotten to know the founders, we ultimately ask ourselves a key question before we invest: “if this startup succeeds, what difference will it make to Vietnam or the world?”

CHICILON MEDIA40 +84 236 3561 133
contact@chicilonmedia.com

Founded September 2006 in Ho Chi Minh City, Chicilon Media is one of Vietnams leading digital media companies. In January 2008, DFJ Vinacapital, one of the worlds top venture capital management companies, funded additional strategic investment to support Chicilon Medias development. Based on an audience - centric approach, Chicilon Media is committed being the premier provider of out-of-home television advertising and in-elevator poster frame advertising solutions in Vietnam. With its rapid expansion, Chicilon Media currently reaches a market that includes more than 2,300 high-rise buildings, 14 airports, 50 supermarkets. At present Chicilon Medias penetration represent over 70% of all out-of-home LED media sources with its 5500 TVs and 9000 Posters. Chicilon Media has become the nations most effective branding & message delivery bridge with 38-million daily impressions.

STAVIAN TALENT17 (blank)
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Founded in 2009, with the vision to become the leading industrial, multi-national Fortune Global 500 company. Stavian Group is committed to achieving sustainable development, contributing to the national and global community development and demonstrating social and environmental responsibilities. Our product and services such as Chemical & Petrochemicals, Paper, High-Tech Materials, Recycling & Circular Economy, Logistics, Industrial Park Development, Venture Capital, Industrial Metal... Stavian Group extends to over 100 countries and territories, serves more than 14,000 global customers and partners. The group operates through nearly 30 offices and 40++ warehouses globally, with a workforce of nearly 2,000 employees domestically and internationally. In 2022, the group recorded approximately $2 billion in revenue. Prestigious Company ranked Top 22 largest chemical distributors in the world and the Top 6 largest chemical distributors in Asia - the Pacific region (according to ICIS r…

NEST TECH VIETNAM9 +84 28 3535 4029
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Nest Tech is a venture capital firm that invests in and nurtures technology entrepreneurs at the seed and early growth stages, focusing on the fast growing markets of South East Asia.

BAREFOOT VENTURES4 +84 364 963 064
info@barefootventures.org

Founded in 2021, Barefoot Ventures is Vietnams first running incubator for the creative community with a vision to become a venture capital firm in the near future. In maintaining and stimulating the growth of local businesses, we seek sustainable development in Vietnams creative industry.

CURIEOUS7 (blank)
hello@curieous.com

Curieous is a technology startup in the confluence of the Future of Work and the Creator Economy. We develop AI-Powered Content Creation Tools For Busy Knowledge Workers. If you are a busy knowledge worker who also loves creating content to share knowledge with your network, Curieous can help you create beautiful, viral-able, multi-channel, multi-format content in 15 minutes. Curieous is in the Top 20 of The Worlds Most Innovative EdTech startups, voted by 200+ investors from around the world at GSV Cup. We are building at the pre-seed stage, backed by reputable angels and venture capital firms.

VIC PARTNERS9 (blank)
tung@vic.partners

We are a Vietnam-based VC founded by a powerful and passionate group of serial entrepreneurs and corporate leaders to back early-stage startups.

DO VENTURES19 (blank)
contact@doventures.vc

Do Ventures is an early-stage VC firm that focuses on making investments in technology companies in Vietnam and Southeast Asia. We look for pioneers with a desire to create disruptive products that can bring about outstanding values to society. Our Philosophy is Grow by Doing. We believe that entrepreneurs who are willing to do more tend to make more right decisions. Luck originates from resilience and persistence. Those who work harder will have more chances to encounter luck in their career path. At Do Ventures, we believe that failing is equally important to do the right things. Success can frequently be taken for granted, but failure is a remarkable opportunity to learn. Therefore, we highly encourage our talented entrepreneurs to take risks, challenge themselves, and extend their visions beyond the usual boundary. Our ultimate goal is to discover daring founders and nurture them into PIONEERS in their fields to form new consumer behaviors.

THINKZONE VENTURES18 +84 24 7100 9999
contact@thinkzone.vn

ThinkZone Ventures is the largest local-resourced venture capital firm in Vietnam. We have two investment tracks, Venture Capital and Global Accelerator Program, focusing on empowering national resources and beyond: from Vietnam to the global market. We invest in tech-enabled startups from Seed to Series A across diverse industries such as Education, Financial Services, Insurance Services, Logistics Services, E-Commerce,... with an investment size of up to $3 million per startup.

CIF - CMC INNOVATION FUND(blank) +84 24 3795 8668
info@cmc.com.vn

An Innovation fund operating under a venture capital model with investments in Cloud, IoT, Big Data, AI, Robotics, etc.

VINACAPITAL318 +84 24 3936 4630
info@vinacapital.com

VinaCapital is a leading investment management firm in Vietnam with a diversified portfolio of nearly USD 4 billion in assets under management. Founded in 2003, our team of managing directors bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has industry-leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate, and energy. The firms flagship closed-ended VinaCapital Vietnam Opportunity Fund Limited trades on the Main Market of the London Stock Exchange. VinaCapital also manages several open-ended funds, numerous segregated accounts, and four domestic funds. The company was named as “Best Fund House –Vietnam” for 2018, 2019, and 2020 by Asia Asset Management magazine. VinaCapital…

HOMEBASE (YC W21)88 +84 94 823 00 33
hello@gethomebase.com

Founded in 2019 in Singapore, Homebase is one of Southeast Asias leading Proptech companies. Homebase offers accessible and innovative products that empower individuals to make the most of their real estate investments, whether theyre buying, selling, owning, or looking to grow their portfolio in ways that align with their goals and aspirations. Homebase is backed by leading investors and partners around the world. Our investors and partners include, but are not limited to, large global financial institutions (Shinhan Bank, Emles, ACE and Company), leading venture capital and private equity funds (Y Combinator, Goodwater Capital, VinaCapital, Partech, etc), and successful entrepreneurs and angel investors (founders and executives of disruptive companies like Divvy Homes, PropertyGuru, Zerodown, and Opendoor). Our management team comes from elite multi-national companies and institutions (McKinsey & Company, Goldman Sachs, Grab, Linkedin, University of Pennsylvania, Harvard, Caltech…

WIZIIN INC.24 (blank)
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Wiziin Inc. provides data-driven solutions in capital raising, dealmaking, co-invest monitoring, and investor relations for VC, Angel Investors, and SMEs in the Asia Pacific Region. Wiziin Inc. is created and run by experienced venture capitalists from Ireland and Canada with an ambitious approach of a disruptive investment tool which contributes to leverage the emerging economies. Contact us: contact@wiziin.com

EIGHT FOUR COLLECTIVE5 +84 28 3939 0011
info@eightfourcollective.com

The Eight Four Collective is a lifestyle oriented, hospitality group focused on developing and investing in unique F&B Concepts in Vietnam. Our goal is to establish a new benchmark in terms of quality, service, ambiance, design, and most importantly – heart and soul. RENKON is a modern Izakaya located in the heart of District 1 HCMC. The name Renkon means Lotus Root in Japanese and is a reference to the national flower of Vietnam as well as our teams deep roots in the country. SAKE CENTRAL is a celebration of Japanese culture through food and beverage, with a primary focus on sake. Created by an international team from Japan, Europe, and North America, the concept behind Sake Central is rooted in promoting the sake industry and Japanese culture on a global scale. IRUSU “to pretend not to be home when someone knocks at your door.” is a two-level Japanese-inspired cocktail lounge that truly embodies the spirit of Saigon alley culture. A hidden gem. The words simplicity beautifully …

VIISA5 (blank)
info@viisa.vn

Founded in 2016 by Dragon Capital Group and FPT Corporation. VIISA is a seed stage venture capital firm which aims to support Vietnamese founders through investments and business development leverages. VIISA is focused on innovative business models with B2B angle.

Top Venture Capital And Private Equity Companies in Vietnam

Key Statistics from 2022

Vietnam's gross domestic product (GDP) was valued at USD 334 billion in 2020, and it is expected to continue growing at a similar rate in the coming years. The venture capital and private equity industry in Vietnam was valued at USD 1.5 billion in 2020, and it is expected to grow at a compound annual growth rate (CAGR) of 18.5% during the period 2021-2026. The industry's employment is also growing, and it is estimated that there are around 10,000 professionals working in venture capital and private equity in Vietnam.

Factors Contributing to Its Growth and Success

Government Initiatives

The Vietnamese government has been proactive in promoting the development of entrepreneurship and innovation, including venture capital and private equity, in the country. In 2017, it launched the National Innovation Center, which aims to support the development of startups and innovation in various industries. The government has also established various policies to support the growth of the industry, such as tax incentives for venture capital and private equity firms and funding programs for startups.

Industry's Growth and Comparison to the Previous Years

The increasing interest in entrepreneurship and innovation, as well as the growing economy, are some of the factors contributing to the growth of the venture capital and private equity industry in Vietnam. With the increasing number of startups and small businesses in the country, there is a growing demand for venture capital and private equity investment to fund their growth and expansion.

The venture capital and private equity industry in Vietnam has experienced significant growth over the past few years. In 2015, the industry was valued at only USD 0.2 billion, and it has grown at a CAGR of around 54% since then. This growth is expected to continue in the coming years, mainly driven by the increasing number of startups and small businesses seeking funding and the government's initiatives to promote entrepreneurship and innovation.

Key Trends

Technological Disruptions

The venture capital and private equity industry is constantly evolving, and new technologies are emerging that are disrupting the industry. One of these technologies is blockchain, which can be used to create more transparent and secure investment ecosystems. Another disruptive technology is artificial intelligence (AI), which is being increasingly used in investment analysis and decision-making.

Challenges

Lack of Investment Opportunities and Regulatory Environment

One of the main challenges facing the venture capital and private equity industry in Vietnam is the lack of investment opportunities that meet the investment criteria of venture capital and private equity firms. In addition, the regulatory environment for the industry is still developing, and companies and organizations must ensure that they comply with regulations and laws related to investment activities.

Future Outlook

The venture capital and private equity industry in Vietnam is expected to continue growing in the coming years, driven by the increasing interest in entrepreneurship and innovation and the government's initiatives to promote the development of startups and innovation. However, there are also challenges that need to be addressed, such as the lack of investment opportunities and the regulatory environment. To overcome these challenges, the industry needs to develop more investment opportunities that meet the investment criteria of venture capital and private equity firms and to work with the government to develop a regulatory environment that is conducive to investment activities.

Moreover, the potential applications of venture capital and private equity in various industries are vast, and there are opportunities for the industry to create innovative solutions that can enhance business growth and create value for investors. For example, venture capital and private equity can be used to fund the development of innovative technologies that can enhance the efficiency and effectiveness of various industries, such as healthcare and manufacturing. It can also be used to fund the growth and expansion of startups and small businesses that have the potential to disrupt traditional industries.

Conclusion

The venture capital and private equity industry in Vietnam is a rapidly growing sector for investment opportunities, driven by the increasing interest in entrepreneurship and innovation and the government's initiatives to promote the development of startups and innovation. However, the industry also faces challenges, such as the lack of investment opportunities and the regulatory environment. To maintain its growth and success, the industry needs to develop more investment opportunities that meet the investment criteria of venture capital and private equity firms and to work with the government to develop a regulatory environment that is conducive to investment activities. With the potential applications of venture capital and private equity in various industries, there are opportunities for the industry to create innovative solutions that can enhance business growth and create value for investors.

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By Melissa Goh
Published on 31 May 2023