VIETNAM'S FAST-GROWING CONSUMER BUSINESSES
The foundation of our partnership
Our partnership with any investee company starts with that investee company creating a bold, breakthrough vision for the future. That vision will be our shared commitment and the foundation for our partnership. Everything else we do as an investor will be from our commitment to the fulfillment of our shared vision for that company’s future.
In the 2000s, Mr. Nguyen Van Tu had been working with Mr. Nguyen Cong Cat, Mr. Pham Dinh Loi, Mr. Vu Quoc Doanh, and Mr. Ha Ngoc Anh for years in the leadership team of one of the largest foreign logistics companies in Vietnam. These five colleagues had a shared dream of making a difference in Vietnam’s logistics industry focusing on customer experience. In 2014, they founded Nhat Tin Logistics to specialize in delivering high-value items for retailers such as FPT Retail and Mobile World. Since then, Nhat Tin Logistics has built on its core B2B business to expand to last-miles delivery for thousands of SME e-commerce retailers
In 2011, Chris Blank had been working at Ho Chi Minh Securities Corporation (HSC), and he, together with two colleagues from HSC, saw the opportunity to adopt the modern commerce model to bring a good and reliable supply of pharmaceuticals to Vietnamese. So they decided to build Pharmacity as the first cutting-edge retail pharmacy chain in Vietnam. As the pioneer in an exotic landscape dominated by traditional and informal shops, the founders faced numerous challenges both in finance and in operations. However, with an unmovable stand for the vision, the founders relentlessly reinvented themselves concurrent with the company’s growth. As a result, Pharmacity is now one of the biggest state-of-the-art pharmacy chains operating 900+ stores nationwide (as of 07/2024).
Vua Nem was founded by two friends, Mr. Hoang Tuan Anh and Mr. Nguyen Vu Nghia, after Tuan Anh’s startup group won a start-up award for an e-commerce business plan. At that time, they also realized that, traditionally, mattresses were stacked on top of one another at shops, making it almost impossible to try. Therefore, Tuan Anh and Nghia were determined to found Vua Nem to offer a modern shopping experience with a wide range of mattress types and mattresses brands. Over 16 years, regardless of many hardships, the founders relentlessly discovered new ways to transform themselves and their teams, enabling Vua Nem to become the largest and most trusted retailer of mattresses and bedding accessories in Vietnam.
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