According to Vingroup's announcement, VinVentures Technology Investment Fund was launched on October 28, 2024, sponsored by Billionaire Pham Nhat Vuong and Vingroup Corporation. The total assets under management of the Fund are 150 million USD, of which 100 million USD is the investment portfolio inherited from Vingroup and 50 million USD is expected to be disbursed in the next 3-5 years.

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The logo of the newly launched VinVentures Technology Investment Fund with total assets of 150 million USD

VinVentures' investment focus is Artificial Intelligence (AI); Semiconductor and Cloud Computing and high-tech products. In addition, the Fund also opens up opportunities for startups in other fields if they have growth potential and are capable of providing quality products and services, not necessarily limited to startups related to Vingroup.

The Fund's immediate investment scope is the Vietnamese market, targeting startups with domestic founding teams in the early stages (seed stage and Series A stage - stages 2 and 3/5 of startup funding rounds). In the future, the Fund will expand its reach to startups in the region, especially in markets with similar development characteristics to Vietnam such as Singapore, Indonesia and the Philippines.

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VinVentures Fund's investment focus is Artificial Intelligence (AI); Semiconductors and Cloud Computing and high-tech products.

Regarding the investment process, the Fund and the invested unit will follow these steps: meeting, exchanging information, researching products, the startup's target market, investment appraisal, signing a negotiation agreement and then signing an investment contract. The time from when the startup submits the application until receiving disbursement can last from 2 - 3 months and up to 6 months for large-scale deals.

The conditions for VinVentures to invest are startups with potential for sustainable development, good growth rates, products and services with high commercialization and practical application potential, and a reputable and experienced founding team. The deals will be implemented on the principle of professional investment, in which VinVentures will buy shares and become a shareholder of the company with specific profit expectations.

Ms. Le Han Tue Lam - Executive Director of VinVentures Fund (Vingroup Corporation) said: “In addition to capital contribution, the special value that VinVentures brings to startups is the ability to connect with companies in Vingroup's ecosystem in both roles: an environment for evaluating and testing product quality, technology services for startups before launching to the market and potential customers. In addition, with the network and resources of a leading corporation in Vietnam and the region, we are also ready to advise and support startups to connect with major partners in the market and be a "launch pad" for potential startups in the future".

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Vingroup Corporation is investing in many technology startups and all of them have developed successfully with technology products reaching leading positions in the country and region.

Investing in technology startups has always been Vingroup's consistent strategy in the process of transforming into a leading technology corporation in Vietnam. Before VinVentures, Vingroup also invested in many technology startups through funds such as Vingroup Ventures and VinTech City. With strong resources from the corporation, startups have all developed successfully and brought products to the market, even rising to leading positions in their fields of operation such as VinBigData, VinAI, VinBrain, VinCSS....

Continuing Vingroup's mission of creating and developing digital technology enterprises, VinVentures creates maximum conditions for ideas and technological innovations to be realized, reaching out to the Vietnamese and regional markets, while expanding revenue sources for the Group.

According to Startup Genome's Global Startup Ecosystem Report (GESER 2023), Vietnam's startup ecosystem currently ranks third in Southeast Asia, with an estimated economic impact of up to 5.22 billion USD. The number of startups in Vietnam has also increased sharply, from about 1,600 at the time of the Covid-19 pandemic to more than 3,800 at present, of which AI startups account for nearly 10% of the total number.

Startups wishing to cooperate and receive investment from VinVentures, please contact via email [email protected] and fill out the application form at: https://xzztlrf6p7q.typeform.com/to/kVPON4nj?typeform-source=www.google.com.

The Dinh