The Vietnam Private Capital Agency (VPCA) has officially launched with the aim of boosting venture capital (VC) and private equity (PE) investment. By 2035, VPCA targets to attract $35 billion in private investment for startups and innovation, contributing to sustainable economic growth.
VPCA is founded by reputable long-term investors, including Ms. Lê Hoàng Uyên Vy (Managing Partner at Do Ventures), Mr. Binh Tran (Co-founder of AVV), Mr. Vinnie Lauria (Founder of Golden Gate Ventures), Mr. Max-F. Scheichenost (Managing Partner at Mekong Capital), and Mr. Justin Nguyen (Managing Partner at Monk’s Hill Ventures). VPCA debuts with the participation of over 40 members from domestic and international VC and PE funds (listed in Appendix A).
The current 15 members of VPCA include: Do Ventures, Ascend Vietnam Ventures, Golden Gate Ventures, Mekong Capital, Monk’s Hill Ventures, Red Square Vietnam, Vertex Ventures, Cento Ventures, Eurazeo, Russin & Vecchi, Vietnam Investments Group (VIG), Open Space Ventures, Ethos Fund, VinaCapital, and AiViet Venture.
“Vietnam is at a pivotal moment as international funds are increasingly eyeing investment opportunities in our country, while the Vietnamese government continues to introduce policies to foster a thriving business environment. VPCA aims to maximize this potential, ensuring that capital is allocated efficiently to support innovation and sustainable economic development,” said Ms. Lê Hoàng Uyên Vy, Chairman of VPCA.
Photo: Do Ventires’ Managing Partner, Ms. Lê Hoàng Uyên Vy, will serve as VPCA’s Chairman.
Representing the New York Stock Exchange (NYSE), Mr. Kobe Ge, Head of China Capital Markets at NYSE, also shared: “International investors are increasingly attracted to Vietnam due to its remarkable economic growth, young and dynamic population, and the government’s strong commitment to promoting innovation through forward-thinking policies.”
VPCA’s launch comes at a time when Vietnam is gaining prominence on the world stage. With its rapid economic growth and vibrant startup ecosystem, Vietnam has become an appealing destination for VC and PE investors. However, there remains a need for structured capital deployment, enhanced expertise, and effective support mechanisms.
“While investment opportunities in Vietnam are abundant, we are still lagging behind more developed regions like North America, which accounted for nearly half of the total private capital raised in 2023. There is a clear gap in the flow of capital that can only be narrowed through strategic initiatives and more comprehensive support for private capital,” said Mr. Binh Tran, Vice Chairman of VPCA.
To address these challenges, VPCA will provide a platform that connects investors, industry experts, and entrepreneurs with a shared vision for growth and innovation.
VPCA’s four pillars of activity in Vietnam include:
+ Community Building: VPCA organizes networking events, social gatherings, policy discussion conferences, and leadership training programs for its members.
+ Knowledge Sharing: VPCA publishes reports, data analysis, and legal documents to provide valuable insights for members and the community.
+ Providing Critical Support Services: VPCA members will have access to legal and tax consulting, accounting and auditing standard guidance, and investment networking opportunities.
+ Professional Development: VPCA hosts training sessions, in-depth workshops, knowledge-sharing forums, and investor-startup networking events.
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