Founded in 2001, Mekong Capital is Vietnam’s pre-eminent Private Equity firm with investment track record spanning:

Mekong Enterprise Fund II entered Mobile World in 2007 at 7 stores, fueling its scale to over 2,000 locations as Vietnam’s leading multi-sector retailer, with a full exit in January 2018 delivering a 57x return — marking it one of the most pre-eminent investments in Asian Private Equity.
Mekong Capital's Vietnam Azalea Fund entered PNJ in 2007, aiding its growth from 86 stores into the country's premier jewelry manufacturer and retailer via refined operations and leadership focus, with a full divestment in November 2016
Mekong Capital's Vietnam Azalea Fund originally invested in FPT Telecom, converting its stake to FPT Corporation shares in 2011 to support expansion in technology solutions, before fully divesting in April 2016
Mekong Enterprise Fund II entered VAS in April 2010 with limited facilities as a bilingual K-12 innovator, supporting its rise in quality, mega-campuses, and reach before a full divestment to TPG Growth in 2017
Mekong Capital's Vietnam Azalea Fund entered Traphaco in 2007 as the fifth-largest pharmaceutical manufacturer in Vietnam, supporting its ascent to second place in revenue and net profit through improved R&D, operations, and network growth, with a full divestment in November 2017 delivering a 6.3x gross return
Mekong Enterprise Fund II invested in Digiworld in December 2008, supporting its rise as a top-tier IT distributor through global brand partnerships and nationwide growth, with a successful full divestment in September 2013
Mekong Enterprise Fund II acquired a stake in Golden Gate in April 2008 at 7 locations, fueling its transformation into a leading multi-brand restaurant operator with 79 outlets before a full exit in August 2014 delivering a 9x return
When Mekong Enterprise Fund III divested in 2022, Pizza 4P’s grew from a chain of 8 restaurants in 2018 to a network of 27 restaurants in Vietnam and Cambodia
Mekong Capital's Vietnam Azalea Fund entered Masan Food in 2009, aiding its consolidation as a leader in sauces, seasonings, and instant noodles through sharper operations and wider reach, with a successful full divestment in November 2010
F88 is Vietnam’s leading secured lending platform and financial services provider, serving micro-businesses and collateral-based consumers
Pharmacity is Vietnam’s second-largest pharmacy retail chain by store count, operating 1,030 stores nationwide as of year-end 2025
Gene Solutions is a pioneering genetic testing service company in Asia dedicated to developing and providing access to Next-Generation Sequencing (NGS) testing
LiveSpo is a pioneering Vietnamese biotechnology company founded in by Dr. Nguyen Hoa Anh and his colleagues, specializing in liquid spore-based probiotics
Vua Nem is Vietnam’s largest multi-brand retailer specializing in mattresses and sleep products, with a nationwide network of 169 stores as of year-end 2025
Founded in 2011 by French entrepreneurs Samuel Maruta and Vincent Mourou, Marou has become a globally celebrated brand for its premium dark chocolate made entirely from Vietnamese cacao
Entobel team
Entobel is a biotechnology company specializing in the production of insect-based ingredients for animal feed, pet food, and organic fertilizers
Mekong Capital is primarily a growth capital firm specializing in large minority investments in Vietnam-focused companies founded by entrepreneurial co-founders. Our sector expertise concentrates on consumer, education, healthcare, biotechnology, agricultural technology and more recently we’re developing our expertise in regenerative agriculture.  
Mekong Capital’s funds were an early stage Private Equity investor in many companies that are today well-known market leaders in Vietnam
The launching ceremony of Mekong Enterprise Fund in 2002
Unparalleled experience in Vietnam Private Equity

As the first Private Equity firm focusing on Vietnam’s private sector, our depth of experience investing in Vietnam is unparalleled. With 46 private equity investments, we have been an early stage investor in many of Vietnam’s leading companies.

This nearly 25 years of investment experience in Vietnam equips us with unique institutional knowledge and relationships, which we believe equips us to make better investment decisions and add value more consistently. Please visit our History page for more on our history.

Robust and experienced team on the ground in Vietnam

Our robust team of ~45 people on the ground in Vietnam includes 9 senior team members comprising Directors and Partners, with an average tenure at Mekong Capital of around 10 years. In addition to investment related capabilities, Mekong has consistently maintained a robust team of value creation experts. Please visit Our Team page for more on our team.
Deep sector expertise 

Mekong Capital has historically focused on investments in consumer sectors –  we believe the most extensive track record of investments in leading retailers, consumer products and F&B in Vietnam. In recent years, we’ve increasingly allocated our resources to biotechnology, healthcare and agrotechnology. Please visit Sectors for more on our expertise by sector.

Well Proven Framework For Value Creation
The 15 elements of the Vision Driven Investing framework

Our program for adding value post-investment, Vision Driven Investing, was built and refined based on our experience of what worked for our most successful investments – MobileWorld, Golden Gate, PNJ, FPT Corporation, Masan Consumer, Traphaco, F88 and others. This approach is statistically validated to be correlated with the performance of our investments, and has been the subject of a variety of case studies. Please visit our How We Add Value section for more on how we add value.

Well established & extensive network

Having been active in Vietnam for nearly 25 years across so many leading Vietnamese companies, our extensive network of company founders, CEOs and senior managers, industry experts, and the investment community all enable us to leverage the best expertise and partners.

We proactively involve outside experts who can deliver game-changing value to our investees, including Non Executive Independent Directors on the Boards of our investee companies and advisors to our companies.

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