# Vietnam Innovative Startup Accelerator

Vietnam Innovative Startup Accelerator is an Asset Manager based in Ho Chi Minh City, Vietnam.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Ho Chi Minh City, Vietnam
- **Region:** Asia
- **Address:** 122 B2 An Loi Dong, Ho Chi Minh City, 700000, Vietnam
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.viisa.vn
- **LinkedIn:** https://www.linkedin.com/company/viisa-vietnam

## Regulatory record

- **Reports private funds:** No

## About

Vietnam Innovative Startups Accelerator (VIISA) is a business acceleration program and a seed-stage investment holding that invests to build global-ready startups in Vietnam. It runs pre-acceleration and acceleration programs to help entrepreneurs build global-ready startups starting from Vietnam.

## Sectors

- Enterprise Software
- FinTech
- AI/ML

## People

- Tran Huu Duc — CEO and Chairman
- Hieu Vo — CFO and General Director

## Questions

### Who runs investment decisions at VIISA?

CEO Tran Huu Duc chairs the firm and leads investment strategy, having previously headed FPT Ventures before co-founding VIISA. CFO Hieu Vo oversees the financial architecture, bringing experience from his prior role as an Associate Director at Dragon Capital. The dual leadership embeds both the corporate venture and institutional fund management perspectives into the firm's decision-making.

### How does VIISA source proprietary deal flow?

VIISA sources through the FPT ecosystem, which spans telecommunications, software, and digital services across Vietnam, giving it early access to technical founders emerging from the country's largest tech employer. The accelerator's open-application cohorts add a broad funnel, while Dragon Capital's market relationships offer a second institutional sourcing layer that most standalone accelerators lack.

### Does VIISA participate in fund commitments or only direct deals?

VIISA deploys capital primarily through direct seed and startup-stage equity investments into companies that pass through its accelerator program. There is no public record of the firm making fund commitments to external GPs; its structure is built for direct early-stage exposure rather than fund-of-funds activity.

### Which sectors does VIISA explicitly avoid?

The firm has not published a formal exclusion list, but its activity since inception focuses on technology-enabled businesses — enterprise software, fintech, and applied AI across Vietnam and Southeast Asia. Capital-intensive industries like heavy manufacturing, commodities, and hard infrastructure fall outside its observable investment perimeter.

### How is VIISA related to FPT and Dragon Capital?

FPT Ventures and Dragon Capital co-founded VIISA, and both remain represented in its leadership: CEO Tran Huu Duc came from FPT Ventures, while CFO Hieu Vo was previously an Associate Director at Dragon Capital. The relationship is strategic and structural, not a typical LP–GP arrangement — both sponsors actively shape the firm's pipeline and governance.

## Related profiles

- [Vietnam Holdings Asset Management](https://altss.com/profile/vietnam-holdings-asset-management)
- [Vietnam Investments Group](https://altss.com/profile/vietnam-investments-group)

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Last updated: 2026-08-11T15:08:32.892Z

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