Asia Funds Create Alliance to Help Funnel Billions Into Vietnam
- Several investors form a lobbying and support association
- They aim to facilitate $35 billion of investment over a decade
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Several regional private equity firms have banded together to establish a Vietnamese alliance, aiming to facilitate $35 billion of investment into the Southeast Asian country over the next decade.
The newly established Vietnam Private Capital Agency, founded by five partners from funds including Golden Gate Ventures, Do Ventures and Monk’s Hill Ventures, will organize seminars, support private equity firms and both lobby and work with the government on policy. Its goal is to facilitate investment in sectors from agriculture to education and health care, said Vinnie Lauria, a board member for the agency.