• Mekong Capital: Where Vision meets success in Vietnam

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

MobileWorld delivered a 57x return for Mekong Enterprise Fund II, marking it one of the most pre-eminent investments in Asian Private Equity
Phu Nhuan Jewelry (PNJ) successfully applied various aspects of Mekong Capital's Vision Driven Investing framework to its operations
Mekong Capital invested in FPT Corporation in 2011
Vietnam Australia International School is a leading private bilingual dual-curriculum K-12 education service provider in Vietnam
Traphaco is Vietnam #1 plant-based supplement company. Mekong Capital's Vietnam Azalea Fund originally invested in Traphaco in December 2007
Mekong Enterprise Fund II originally invested in Digiworld in December 2008
Mekong Enterprise Fund II achieved a 9x return on its investment in Golden Gates over the 6 ½ year holding period
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 originally invested into Masan Food, the leading maker of branded sauce and seasoning products and a major player in the large instant noodles market, in May 2009
Since Mekong Enterprise Fund III invested in F88 in 2016, the company has scaled significantly
Since receiving investment from Mekong Capital’s MEF III fund in 2017, Pharmacity has undergone a significant transformation, from a network of just 49 stores to nearly 1,000 locations
Mekong Capital’s investment enabled Gene Solutions to accelerate its growth in reproductive health, expand into clinical oncology, and enhance its AI-powered genetic testing technologies
Since Mekong Capital’s investment, the number of pharmacies carrying LiveSpo products has quadrupled to nearly 4,700 at the end of September 2025
Since Mekong Enterprise Fund III (MEF III) invested in Vua Nệm in 2017, when it operated 31 stores, the company has experienced a major turning point, rapidly expanding nearly fivefold to reach 155 stores by mid-2025
The partnership with Mekong Capital has helped Marou not only grow its presence in Vietnam but also deepen its impact on the local cacao ecosystem and elevate Vietnamese chocolate on the global stage
With Mekong Capital's investment, Entobel is committed to becoming the world’s lowest-cost producer of insect protein
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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