Vietnamese conglomerate Vingroup has launched VinVentures, an investment fund targeting innovation fields such as AI and semiconductors, to strengthen support for startups in the region.
🟦 Vingroup Announces VinVentures, a 0 Million Technology Investment Fund
The VinVentures Technology Investment Fund announced by Vingroup is an investment fund targeting fast-growing technology startups in Vietnam and abroad. The fund size reached 150 million dollars (about 2.5 billion yen), and it was announced that priority support will be given to fields such as artificial intelligence (AI), semiconductors, cloud computing, and high-tech products.
As the parent company of Vietnamese EV car company Vinfast, Vingroup is already deeply involved in advanced technology and innovation. The fund will also open its doors to startups that are not directly involved in Vingroup’s core business, providing investment opportunities in companies with growth potential.
🟦 Why is Vingroup stepping up its technology investments?
Vingroup has established this large-scale investment fund due to the development of the technology sector in Vietnam and Asia, as well as the expected growth of the startup ecosystem across the region. Vingroup plans to raise $100 million from its existing portfolio and the remaining $50 million over the next three to five years. In addition, the screening process for startups is divided into four stages, and the process from application to contract conclusion is thoroughly carried out. This is to determine whether the company in which you are investing has sustainable growth potential and whether the founder is trustworthy, and to reduce the risk of your investment.
🟦 Summary
Vingroup’s strengthening support for startups in the technology field is expected to accelerate technological innovation not only in Vietnam but also in Southeast Asia as a whole. The fund is a valuable way for startups, in particular, to overcome capital barriers and gain growth opportunities.
For founders with a deep understanding of technology, such as Pham Nhat Vuong, the founder of Vingroup, fields such as artificial intelligence (AI) and semiconductors are exactly the areas they want to invest in in anticipation of future growth.
