PE and venture capital fund completes $4 billion in investment in Vietnam.
VinaCapital Investment Management Ltd., one of the leading investment management and real estate development firms in Vietnam, celebrated 15 years of development and investment journey by marking $4 billion in investment in more than 100 enterprises and projects in the country since 2003.
These investments have been via listed and private equity, venture capital, and real estate development. Additionally, VinaCapital built one of Vietnam’s first wealth management businesses, designed to offer increasingly affluent Vietnamese investors with alternative investment products. Today that business has assets under management of approximately $100 million.
More than 130 guests gathered at VinaCapital’s 2018 Investor Conference in Ho Chi Minh City last week. During the two-day conference, guests heard updates from the managers of VinaCapital’s key funds and speakers from companies operating in some of the country’s most promising sectors, including technology, property, logistics, healthcare, banking, and manufacturing. Additionally, the potential leading role Vietnamese companies could play in the growing global digital economy were discussed by Mr. Sean Maher, Founder of Entext Economics.
“I am happy to welcome the record number of attendees to our conference,” said Mr. Don Lam, Co-Founder and CEO of VinaCapital. “Many have attended in the past, but there are a number of new investors this year, underscoring Vietnam’s continued and growing attractiveness among the international financial community.”
In the property development sector, VinaCapital has been at the forefront of a number of notable projects in the country. The company is also the driving force behind Hoiana, a $4- billion integrated resort under construction in central Quang Nam province in partnership with Suncity Group and other investors and which will employ thousands of local residents when it opens in 2019.
Since 2006, VinaCapital has geared up its major investments in partnerships with big ideas and initiatives based on digital and hi-tech platforms that would broadly influence Vietnam’s socio-economic environment. The company significantly invests in and helps startups expand their markets, scope of business, and competitive edge regionally and globally. DFJ VinaCapital (DDFJV) – a flagship partnership fund between VinaCapital and the US’s Draper Fisher Jurvetson established in 2006 – has invested in a number of tech startups and its most recent successful deal was the exit from Yeah1, when the multi-media company listed on the Ho Chi Minh Stock Exchange (HSX) in June.
VinaCapital Ventures was set up in August 2018 to tightly coordinate with scientists, technicians and inventors who optimize high-tech platforms to build and develop products and solutions that will solve life’s problems in certain areas. VinaCapital Ventures focuses on outstanding high-tech ideas and initiatives that would open up a new market and have regional and global impacts. The fund has announced two first investees: Logivan and Fastgo, two apps providing transportation services for people and goods, at its first debut in August this year.
Mr. Andy Ho, VinaCapital’s Chief Investment Officer, noted that the opportunity to assist Vietnamese companies to grow is one of the most satisfying elements of VinaCapital’s work. “Helping promising businesses grow and succeed – whether they are tech startups or more traditional companies – is one of the most exciting parts of what we do,” he said-VN EconomicTimes.
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