Vietnam Private Capital Agency aims to drive $35 billion in private investments by 2035

By 2035, the VPCA aims to facilitate $35 billion of private investments in Vietnamto fuel entrepreneurial growth and economic expansion.

The VPCA was founded by private capital industry leaders Vy Le (Do Ventures), Binh Tran (AVV), Vinnie Lauria (Golden Gate Ventures), Max-F. Scheichenost (Mekong Capital), and Justin Nguyen (Monk's Hill Ventures).

Launching with over 40 members representing more than a dozen venture capital and private equity firms, the VPCA embodies a unified effort to elevate Vietnam's position in the global investment arena.

"Vietnam is witnessing a pivotal moment as foreign venture capital and private equity funds increasingly seek investment opportunities and the government implements supportive policies to foster a thriving business climate. The Vietnam Private Capital Agency is committed to driving and maintaining this momentum, ensuring that strategic capital is effectively channeled to support innovation, growth, and sustainable economic development," said Vy Le, chair of VPCA.

The inaugural event, held at the Park Hyatt Saigon, attracted over 100 delegates, including investors from Vietnam, Singapore, Indonesia, Hong Kong, and the United States. The highlight of the event was a special guest speaker from the New York Stock Exchange (NYSE), who spoke about how to drive success in Vietnam's innovation ecosystem through IPOs.

"Global investors are increasingly drawn to Vietnam due to its robust economic expansion, favourable demographics, and the government's commitment to supporting innovation through forward-thinking policies," noted Kobe Ge, regional head of China Capital Markets, NYSE.

Dynamic economic growth and vibrant entrepreneurship have positioned Vietnam as a key destination for venture capital and private equity investments. However, the need for structured capital deployment, enhanced industry expertise, and effective support mechanisms remains critical.

"While investment opportunities in Vietnam are abundant, it still trails behind advanced regions such as North America, which accounted for nearly half of the total private capital fundraising in 2023. There is a clear gap in capital flow and activity that can only be bridged through strategic initiatives and enhanced support for the private capital sector," said Binh Tran, vice chair of the VPCA.

The VPCA addresses these challenges by offering a platform that unites investors, industry partners, and entrepreneurs under a shared vision of growth and innovation. The agency's four pillars of activity will translate into tangible benefits for the Vietnamese VC/PE sector, including building a thriving community, leading with insight, delivering essential support services, and cultivating expertise through education.

The VPCA will strive to create a comprehensive ecosystem that drives progress and delivers tangible benefits for capital investment and business innovation. To achieve this, the agency will launch initiatives such as exclusive closed-door events, strategic summits, and industry forums, all designed to engage key stakeholders and cultivate high-impact collaborations.

Visibility opening up for VC funds Amid declining venture capital funding in Southeast Asia this year, experts nevertheless remain optimistic about Vietnam’s startup potential to rebound.

Singapore’s venture capital funds covering all bases Singapore venture capital funds remain the most active investor in Vietnam, with ongoing investments into local startups and potential targets ranging from renewable energy to electric vehicles.

Antler closes $72 million fund to double-down on Southeast Asia startups The early-stage venture capital firm Antler announced on August 13 the $72 million close of its second Southeast Asia fund, Antler SEA Fund II.