as report goesSeveral well-known private equity fundsrecentlyWorking together to promote deep investment in Vietnam, we plan to attract up to $35 billion in capital inflows to Vietnam in the next decade.

In recent years, Vietnam has gradually become a "hot commodity" in the eyes of international capital due to its unique geographical location, abundant labor resources, and stable economic growth environment. Especially with the continued tension in Sino US relations, many international companies have turned their attention to emerging markets, including Vietnam, to diversify risks and seek new growth points. In this context, multiple private equity funds in Southeast Asia have keenly seized this opportunity and decided to take joint action to promote investment in Vietnam.

However, despite the explosive growth trend of Vietnamese startups in recent years, technology startups still face many challenges in the fundraising process. According to a report jointly released by venture capital firm Do Ventures and the Vietnam National Innovation Center, the total amount of funds invested in Vietnamese technology startups experienced a significant decline of 17% last year, ranking third among Southeast Asian countries. This data undoubtedly sounded the alarm for Vietnamese startups and prompted private equity funds to more firmly invest in Vietnam's investment industry.

Vietnam has also had a regrettable experience in attracting foreign investment. According to the Vietnamese Ministry of Investment, Vietnam has missed out on billions of dollars in investments from multinational companies such as Intel and LG Chem due to a lack of sufficient investment incentives. Taking Intel as an example, the company had planned to invest $3.3 billion in Vietnam to build a large-scale project, but due to the inability to reach an agreement on cost sharing, the project ultimately ended up in Poland. A similar situation also occurred with LG Chem, which chose to invest in battery projects in Indonesia instead of Vietnam after weighing the pros and cons.

In order to make up for these regrets and attract more foreign investment inflows, private capital institutions in Vietnam have emerged. This institution was jointly established by five regional private equity investment companies, including Kinmen Venture Capital, with the aim of promoting investment development in Vietnam's agriculture, education, healthcare, and other fields through organizing seminars, supporting private equity investment companies, and lobbying the Vietnamese government on policy issues.

According to Lauria, co-founder of Kinmen Venture Capital, the goal of Vietnamese private capital institutions is to expand their membership from the current 40 plus to 100 by the end of next year, in order to further accelerate Vietnam's investment growth pace.

With the joint efforts of multiple Southeast Asian private equity funds and strong support from the Vietnamese government, Vietnam's investment environment will continue to be optimized and upgraded.