Vy Le, Chair of VPCA
A group of private capital industry leaders have come together to launch the Vietnam Private Capital Agency (VPCA) to empower the country’s investment landscape by promoting best practices in the venture capital and private equity sectors.
The VPCA aims to channel US$35 billion in private investments by 2035 to fuel entrepreneurial growth and economic expansion.
The VPCA was founded by 40 investor veterans from over a dozen VC and PE firms, including Vy Le (Do Ventures), Binh Tran (Ascent Vietnam Ventures), Vinnie Lauria (Golden Gate Ventures), and Justin Nguyen (Monk’s Hill Ventures).
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“Vietnam is witnessing a pivotal moment as foreign VC and PE 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,” says Vy Le, Chair of VPCA.
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,” added 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 will translate into tangible benefits for the Vietnamese VC/PE sector:
Building a thriving community: This includes hosting networking opportunities, social events, policy summits, and leadership programmes.
Leading with insight: VPCA will provide valuable thought leadership through publications, data analysis, legal documents, and industry reports.
Delivering essential support services: Members will gain access to legal consulting, tax advisory, accounting and auditing standards guidance, and investment connectivity.
Cultivating expertise through education: Training sessions, specialized seminars, knowledge-sharing forums, and investor-startup networking events will be instrumental in this area.
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The VPCA’s initiatives are designed to serve a broad spectrum of stakeholders:
Investors: Connecting investors with high-impact opportunities, enhancing their ability to contribute to and benefit from a dynamic and growing VC/PE landscape.
Industry partners: Collaborating with industry leaders to build a robust entrepreneurial and efficient investment infrastructure and share best practices.
Policymakers: Engaging with the government to advocate for policies that enhance the investment climate and support economic growth.
Entrepreneurs: Giving local entrepreneurs access to crucial capital, expertise, and connections to propel their businesses.
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