Mekong Capital

Mekong Capital is a private equity firm established in 2001, headquartered in Ho Chi Minh City, Vietnam. The firm specializes in investing in consumer-driven businesses, focusing on sectors such as retail, restaurants, education, healthcare, pharmaceuticals, fast-moving consumer goods, consumer finance, and various service providers. Mekong Capital has built a strong reputation in the Vietnamese market, with a proven track record of successful investments, having completed 30 private equity investments, including 22 full exits. The firm employs a dedicated team of over 50 professionals with extensive experience, averaging around six years of tenure. Mekong Capital is committed to enhancing the value of its portfolio companies through operational improvements, management team development, and the implementation of best practices. The firm targets fast-growing companies with ambitious expansion plans in fragmented markets, positioning itself to capitalize on attractive growth opportunities in Vietnam's evolving economy.

Sophia Trang Chu

Principal, Value Creation

Do Thi Khanh Van

Principal

Chris Freund

Partner and Founder

Chad Ovel

Partner

Ashley Trang Pham

Investment Director, Value Creation

Do Trang

Principal, Value Creation

Le Truong

Partner

Sjoerd Zwinkels

Principal

Luong Thi Thu Ha

Principal

Past deals in Vietnam

Mutosi Group

Venture Round in 2021
Mutosi Group is a manufacturer and distributor of household products based in Hanoi, Vietnam. The company specializes in water purifiers and a range of electronic appliances that meet Japanese quality standards. In addition to water purification systems, Mutosi Group produces safe kitchen appliances, air purifiers, and environmental care solutions, including raw water treatment systems. The company's focus on quality management ensures that its products are reliable and effective for consumers.

Marou Chocolate

Private Equity Round in 2021
MAROU CHOCOLATE specializes in producing pure dark chocolate crafted from natural ingredients, offering a variety of flavors including honey, cinnamon, and tropical fruit notes. The company operates as a bean-to-bar chocolate producer and distributor, catering primarily to Vietnamese consumers. In addition to its chocolate products, which include marou bars and single-origin offerings, MAROU runs a chain of three café-patisserie-chocolate factory concepts. This approach not only allows customers to enjoy high-quality chocolates but also ensures that they receive products in airtight packaging to preserve freshness.

Pharmacity

Series C in 2020
Pharmacity is a pharmacy chain dedicated to serving the people of Vietnam. The company provides a wide range of products, including prescription and non-prescription medications, health and personal care items, beauty products, oriental medicine, functional foods, vitamin supplements, and minerals. Pharmacity operates both an online web store and physical pharmacy locations, allowing consumers to access a diverse selection of safe medicines and health products at competitive prices.

YOLA

Private Equity Round in 2019
YOLA, founded in 2009 and based in Ho Chi Minh City, Vietnam, specializes in educational services, particularly in English language training for various age groups, including children, juniors, and adults. The company offers a range of programs, such as foundational English courses, test preparation for proficiency exams like TOEFL, SAT, IELTS, SSAT, and GMAT, as well as soft-skill training and after-school tutoring. YOLA emphasizes personalized learning paths tailored to each student's abilities and goals, ensuring that progress is closely monitored. This approach allows students to identify their strengths and weaknesses, guiding them on how to improve and achieve their future objectives. In addition to regular courses, YOLA also organizes summer camps and provides educational development content, making it a comprehensive platform for academic growth.

Nhat Tin Investment Trading Development

Venture Round in 2017
Founded and started operation since late 2014, Nhat Tin Logistics is a postal service provider, licensed under the Ministry of Information and Communications's License 138/GP-BTTTT. The firm provides domestic and international door-to-door delivery services for all types of goods, letters, mailings, parcels, scientific and technical documents, commercial documents, as well as other services such as shipment by road, railway, customs declaration, warehouse rental and warehousing, etc. At the same time, Nhat Tin Logistics is also the first unit implementing 100% free of charge COD at central 63/63 provinces to serve the transportation needs of e-commerce market in Vietnam. Being formed and operated by staffs who have more than 15 years of experience, were well trained in the field of express delivery, Nhat Tin Logistics always offer solution packages in time, meeting customers’ development and efficiency. With the motto of priotizing reputation, Nhat Tin Logistics aims at the trust and satisfaction of customers as well as bringing customers a difference in quality of service and economic benefits. Nhat Tin operates in a way “More than Logistics”, showing its desire to go beyond the framework of a service, bringing not only customers an option but also a commitment to build a better society.

Ben Thanh Jewelry

Venture Round in 2016
Ben Thanh Jewelry, founded in 1987 and part of the Ben Thanh Group, is a leading jewelry designer and retailer based in Ho Chi Minh City, Vietnam. Recognizing the potential in the local jewelry market, the company has focused on enhancing design and customer experience. In 2016, it strengthened its management team by recruiting professionals from major jewelry markets and multinational firms to develop a new fine jewelry retail chain named PRECITA. This brand aims to redefine industry standards by offering a blend of imported designs from prominent global markets and exclusive local creations tailored to customer preferences. PRECITA is distinguished by its experienced leadership, which includes CEO Shipra Jain, who brings 16 years of expertise in jewelry retail and e-commerce. The company provides a diverse range of products, such as rings, wedding jewelry sets, and earrings, emphasizing contemporary designs and higher quality to meet the evolving needs of its clientele.

YOLA

Venture Round in 2016
YOLA, founded in 2009 and based in Ho Chi Minh City, Vietnam, specializes in educational services, particularly in English language training for various age groups, including children, juniors, and adults. The company offers a range of programs, such as foundational English courses, test preparation for proficiency exams like TOEFL, SAT, IELTS, SSAT, and GMAT, as well as soft-skill training and after-school tutoring. YOLA emphasizes personalized learning paths tailored to each student's abilities and goals, ensuring that progress is closely monitored. This approach allows students to identify their strengths and weaknesses, guiding them on how to improve and achieve their future objectives. In addition to regular courses, YOLA also organizes summer camps and provides educational development content, making it a comprehensive platform for academic growth.

Wrap & Roll

Venture Round in 2016
Geographically a stretch of land in S-letter shape, Vietnam boasts a rich cuisine with various raw materials and tastes, from Northern “tương bần”, shrimp paste to Central “mắm cá”, “tương hột” or Southern pure fish sauce made from anchovies in Phu Quoc region. The most important thing for a perfect dish comes from the poetic delight of refined sauces. At Wrap & Roll, they make their own sauces based on traditional recipes. They are the results of a process of discovering, collecting and filtering the quintessences of Vietnamese cuisine, which makes their homemade sauces the perfect comdiments to freshly prepared dishes at Wrap & Roll.

ABA Cooltrans

Venture Round in 2016
ABA is a service provider in the field of integrated cold chain logistics, servicing customers on a PAN-Vietnam basis. The company owns a large fleet of trucks and the warehouse with the aim to build a sole and first standardized integrated cold chain logistics in Vietnam through one window service.

AIG Asia Ingredients

Venture Round in 2011
AIG Asia Ingredients Corporation (hereinafter, “AIG”), a supplier and manufacturer of food ingredients and packaged food products in Vietnam.

FPT Software

Venture Round in 2010
FPT Software – the Software Powerhouse - Vietnam’s largest and one of the fastest growing software outsourcing companies. - Over 6,000 software outsourcing projects and a total volume of 2.5 million man-days in the last 10 years. - A broad presence in diverse global markets. - Specialist in shaping world-class networks of global delivery centers.

Loc Troi Group

Venture Round in 2008
Company Profile Coming from a Provincial Department of Plant Protection, AGPPS (An Giang Plant Protection Joint Stock Company) was established in 1993 and equitized in December 2004. From a small company with 23 people and start-up capital of 750 million VND, until now, AGPPS has become a leading distributor in Vietnam’s agricultural sector with scopes of business.

Digiworld

Venture Round in 2008
Digiworld Corporation, founded in 1997 and headquartered in Ho Chi Minh City, Vietnam, operates as a leading market expansion services provider. The company specializes in the distribution of technological products including software, computers, electronic accessories, telephones, and consumer goods. Digiworld offers a range of services such as market analysis, marketing, and logistics, supported by a distribution network of 16,000 points of sale across the country. It has established itself as a trusted partner for over 30 internationally recognized brands, providing tailored solutions for businesses seeking to enter the Vietnamese market. With a focus on information technology and automatic controls, Digiworld also offers management and consulting services, contributing significantly to its reputation in the ICT distribution sector.

Maison Joint Stock Company

Venture Round in 2008
Launched in 2002 by a brilliant fashion-addict couple, Maison Joint Stock Company (Maison) quickly became one of the largest fashion distributors in Vietnam. Maison has a strong history of introducing the most high-end and luxurious International fashion brands to Vietnam. Following the success of our very first store, Maison is now the home to more than 21 worldwide recognized brands with more to come in 2016. We are committed to bringing new and hot trends to town for our loyal fashion lovers to drown in an endless sense of style. Maison both spreads the luxurious-wearing culture as well as delivers a value driven, customer focused and responsible fashion base in our continued effort to make Vietnam a trendier place for all fashionistas.

Phu Nhuan Jewelry

Venture Round in 2008
Phu Nhuan Jewelry is a prominent company in Vietnam specializing in the production, retail, and trade of gold, silver, jewelry, and gemstones. It engages in various activities, including the import and export of these materials, alongside offering jewelry inspection services. The company provides a diverse range of products, including rings, earrings, bracelets, pendants, and necklaces, under several well-known brands such as CAO Fine Jewellery, PNJ Gold Jewellery, PNJ Silver, and Jemma. Phu Nhuan Jewelry is dedicated to delivering high-quality items that cater to a wide array of customer preferences in the jewelry market.

MK Smart

Venture Round in 2007
MK Smart was established in January 24th 2003. MK Smart is a member of MK Group. With the aim of providing card solutions to life safety and civilization, MK Smart is the only company in Vietnam capable of producing EMV smart card and telecommunication SIM card, certified by the most prestigious international card organizations and proudly to be the trusted partner of more than 1,000 customers in domestic and international in different fields. MK Smart owns two factory of card and business form manufacturing park located in Quang Minh industrial zone, Me Linh, Hanoi and Ho Chi Minh City Hi-tech Zone, with a total investment of 300 billion dongs. MK Smart is a pioneer manufacturer of plastic card industry in Vietnam, typically smart card in finance sector; Telecom SIM card; Membership card; Gift Cards; Loyalty card; ID card; Scratch cards; Business form,… 2010 marked the turning point in the history of MK Smart when MK Smart was rewarded 3 international certificates of leading international producer of security and smart cards, including SAS, Visa,MasterCard and JCB. In particular, the SAS Certificate of GSMA is the highest security certificate for SIM card manufacturers of telecommunications and chip card. In 2013, MK Smart is also pleased to announce successfully earned SAS certificate in consecutive four years.

Venture International

Venture Round in 2007
Venture International (Vietnam) Joint Stock Company was founded in 1992 as a 100% foreign owned garment manufacturing company in Vietnam. From that time until now, Venture Vietnam has experienced a rapid and amazing growth in both revenue as well as production capacity. Venture Vietnam has steadily entrenched itself as a formidable entity in the international market for the production of garments, especially high quality work wears. In 2007, Venture Vietnam purchased Song Ha garment company and successfully signed the Mekong Company into the deal as a strategic investor. This significant step allowed the Company to expand its production capacity to subsequently include an additional two workshops – each designed with a specific product specialization production in mind – to bring the entire facility area to an increased size spanning 20,000 square meters.

MWG - Mobile World Group

Series A in 2007
To pursue an Omni-channel strategy, the Company operates a few thousand stores nationwide along with leveraging the deep understanding of customer insights thanks to massive data, in-house developed supporting capabilities, and continuously innovating to create outstanding and unified customer experience across all channels, as well as enhance brand attachment. In MWG's ecosystem, besides the subsidiaries running the retail chains (thegioididong.com, Dien May Xanh, Bach Hoa Xanh, An Khang pharmacies...), there are other subsidiaries providing related services such as: after sales - installation services, last-mile delivery, logistics and warehousing services, distribution of safely-grown agricultural products 4KFarm. MWG was established in 2004 by Nguyen Duc Tai in Ho Chi Minh City, NA - Vietnam.

Ngo Han joint stock company

Venture Round in 2007
Ngo Han Joint Stock Company is engaged in the manufacture and sale of electric cables in Vietnam. The company offers copper wires and rods, round bare copper wires, copper and aluminum enameled wires, paper wrapped rectangular copper wires, aluminum wires, and copper busbars as well as polyester and polyester-imide wires. The company is headquartered in Dong Nai Province, Vietnam.

The International Consumer Products

Private Equity Round in 2006
International Consumer Products is a manufacturer and distributor based in Ho Chi Minh City, Vietnam, specializing in cosmetics, personal care items, and food products. Founded in 2001, the company offers a diverse range of products, including vegetable and fruit cleansing liquids, shampoos, and fragrances under the X-Men brand, as well as skin care, make-up, and hair care products branded as L’OVITE. Additionally, International Consumer Products produces sauces and condiments marketed under the Thuan Phat name. The company is dedicated to providing high-quality consumer products across these categories.

Minh Hoang Garment

Venture Round in 2005
Minh Hoang Garment JSC., established in 1992, is a privately-owned garment manufacturer based in Vietnam. Initially starting with a modest capital of $5,000 and a small workforce, the company has evolved into a multi-million dollar enterprise recognized as one of the leading producers of sports apparel, active-wear, and outerwear in the country. Minh Hoang Garment specializes in woven garments, utilizing advanced techniques such as seam-sealing, welding, and laser cutting, which enables them to supply top global brands. Since 2006, the company has embraced Lean manufacturing principles across all production lines, enhancing efficiency and product quality. By transitioning from an Original Equipment Manufacturer (OEM) to an Original Design Manufacturer (ODM), Minh Hoang Garment aims to further expand its market presence and continue delivering high-quality products that meet diverse customer needs.

Duc Thanh Wood Processing

Venture Round in 2005
Duc Thanh Wood Processing, established on May 19, 1991, is a prominent manufacturer in Vietnam, specializing in kitchenware, household utensils, home furniture, and children's wooden toys. The company offers a diverse range of products, including trivets, cutting boards, bread boxes, coasters, spice racks, and various types of racks and hangers. Duc Thanh is committed to quality, having achieved ISO 9001:2000 certification, which underscores its dedication to supplying superior products and services. With a workforce of over 1,000 skilled employees and modern machinery, Duc Thanh's products are exported to over 40 countries and are available in numerous supermarkets and furniture shops throughout Vietnam.

Nam Hoa

Venture Round in 2004
With the idea of bringing wood into children’s toy world, since 1990s, Nam Hoa Corp has introduced first wooden toys with high cultural value to the market. To overcome initial difficulties when infrastructure and capitals were much limited, the founder – Mr. Ngo Van Hoa, as General Director, searched for all sources in order to build and develop the company, continuously expand foreign markets. As a result, Nam Hoa has been firmly standing both in Vietnam and international markets. Putting the first brick in self studying and designing sparked and inspired by memories from childhood as well as by growing demand in entertaining and learning from children, Mr. Ngo Van Hoa decided to focus on manufacturing educational wooden toys for children. In 2000, with innovative mind and action, Nam Hoa invested to build professional production lines and became the leading manufacturer of wooden toys for children in Vietnam. From the senseless wood, the environmentally friendly and natural material, Nam Hoa crafted and turned them into valued toys in variety of models, colors, and completely safe for children.

Ngo Han joint stock company

Venture Round in 2004
Ngo Han Joint Stock Company is engaged in the manufacture and sale of electric cables in Vietnam. The company offers copper wires and rods, round bare copper wires, copper and aluminum enameled wires, paper wrapped rectangular copper wires, aluminum wires, and copper busbars as well as polyester and polyester-imide wires. The company is headquartered in Dong Nai Province, Vietnam.

AA Corporation

Venture Round in 2003
AA Corporation is a leading architecture and interior design firm based in Ho Chi Minh, Vietnam, specializing in the hospitality sector. Founded in 1990, the company offers a comprehensive range of services, including project management, space design, theme conceptualization, and special contractual services. It also manufactures and retails furniture. Renowned for its commitment to quality and timely delivery, AA Corporation has developed a strong reputation for successfully managing prestigious projects both domestically and internationally. The company's expert team and extensive experience in interior fit-out have fostered reliable partnerships with prominent designers, ensuring that each project meets and often exceeds client expectations.
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