# VinaCapital

VinaCapital 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:** Ho Chi Minh City, Vietnam
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** vinacapital.com
- **LinkedIn:** https://vn.linkedin.com/company/vinacapital
- **Wikidata:** Q55637134

## Regulatory record

- **Reports private funds:** No

## About

VinaCapital Group is a firm in Vietnam that provides asset management, investment banking, and real estate consulting services. The Group consists of VinaCapital Investment Management Limited, VinaCapital Real Estate Limited, and a majority stake in VinaSecurities JSC. Founded in 2003 in Ho Chi Minh City, Vietnam, VinaCapital has made 34 investments and has a portfolio exit history.

## Sectors

- Real Estate
- Private Equity
- Energy Transition & Renewables
- Infrastructure
- Venture Capital

## People

- Don Lam — Co-Founder & CEO

## Questions

### Who runs investment decisions at VinaCapital?

Don Lam is the Co-Founder and CEO and the figure most closely associated with the firm's strategy, but day-to-day investment decisions are delegated to division heads. Andy Ho leads the public equities and VOF portfolio as Chief Investment Officer, while the real estate and private equity teams report through separate managing directors. The firm operates with asset-class autonomy — there is no single CIO across all three pillars.

### How much capital has VinaCapital deployed, and what is its current AUM?

VinaCapital does not publicly report a consolidated AUM figure. Its flagship Vietnam Opportunity Fund is a listed vehicle with periodic NAV updates, but the private equity and real estate vehicles do not disclose committed capital on an aggregated basis. Firm-wide deployment is not disclosed.

### How does VinaCapital source deal flow, particularly in private equity?

The firm sources private transactions through its onshore network built over 20 years, working with state-owned enterprises undergoing privatization and with founder-led businesses seeking growth capital. Its local team handles regulatory approvals and land-use rights directly, which global funds often subcontract. The venture arm scouts through the Vietnam-focused technology ecosystem and regional accelerators.

### Does VinaCapital invest outside Vietnam?

The firm mandates are overwhelmingly domestic, concentrated in Ho Chi Minh City, Hanoi, Da Nang, and Vietnam's industrial corridors. Its listed funds occasionally hold small positions in neighboring markets or in offshore-listed entities with Vietnamese operations, but the firm does not run a pan-Asian strategy.

## Related profiles

- [Vimson Group](https://altss.com/profile/vimson-group)
- [Vincera Capital](https://altss.com/profile/vincera-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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