Private capital industry leaders have on Wednesday launched Vietnam Private Capital Agency (VPCA) to drive $35 billion in private investments in Vietnam by 2035.
VPCA said in a statement that the funding marks a transformative step in empowering Vietnam’s venture capital and private equity landscape by promoting best practices in the venture capital (VC) and private equity (PE) sectors to accelerate capital output, industry talent, and value creation.
The VPCA is founded by private capital industry leaders from Vy Le (Do Ventures), Binh Tran (AVV), Vinnie Lauria (Golden Gate Ventures), Max-F. Scheichenost (Mekong Capital), and Justin Nguyen (Monk’s Hill Ventures).
It aims to channel the fund in private investments by 2035 to fuel economic growth, entrepreneurial development, and enhance Vietnam’s position in the global investment arena.
By 2035, the VPCA aims to channel $35 billion in private investments to fuel entrepreneurial growth and economic expansion.
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 VPCA 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.
Kobe Ge, Regional Head of China Capital Markets, NYSE, said global investors are increasingly drawn to Vietnam due to its robust economic expansion, favorable demographics, and the government’s commitment to supporting innovation through forward-thinking policies.
According to the statement, the dynamic economic growth and vibrant entrepreneurial sector 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,” explained Binh Tran, Vice Chair of 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 including building a thriving community, leading with insight, delivering essential support services and cultivating expertise through education will translate into tangible benefits for the Vietnamese VC/PE sector.
This includes hosting networking opportunities, social events, policy summits, and leadership programs.
VPCA will provide valuable thought leadership through publications, data analysis, legal documents, and industry reports.
Members will also gain access to legal consulting, tax advisory, accounting and auditing standards guidance, and investment connectivity.
VPCA will also provide training sessions, specialized seminars, knowledge-sharing forums, and investor-startup networking events that will be instrumental in this area.
The VPCA’s initiatives are designed to serve a broad spectrum of stakeholders including investors, industry partners, policy makers and entrepreneurs.
The platform connects investors with high-impact opportunities, enhancing their ability to contribute to and benefit from a dynamic and growing VC/PE landscape.
It also collaborates with industry leaders to build a robust entrepreneurial and efficient investment infrastructure and share best practices.
It also engages with the government to advocate for policies that enhance the investment climate and support economic growth.
It also gives local entrepreneurs access to crucial capital, expertise, and connections to propel their businesses.
The VPCA strives 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.
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