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Friday, July 26, 2024

Warburg Pincus Celebrates 10 Years of Investing in Vietnam

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Warburg Pincus, the oldest private equity firm and a leading global growth investor, celebrates its 10th anniversary of investing in Vietnam.

A celebration event was held in Hanoi with the attendance of Mr. Marc E. Knapper, U.S. Ambassador to Vietnam, and Mr. Tran Duy Dong, Deputy Minister of Planning and Investment of Vietnam, along with senior leaders of government agencies and business partners who have been pivotal in Warburg Pincus’ decade-long journey in Vietnam. On this special occasion, Warburg Pincus also announced a substantial donation of VND3.6 billion (US$150,000) to Room to Read, an international non-governmental organization (NGO) dedicated to improving education for children in Vietnam. This donation aims to support Room to Read’s Literacy Program for primary school children, especially ethnic minorities, across Vietnam.

Warburg Pincus is the oldest private equity firm and a leading global growth investor with more than US$113 billion invested in over 1,000 companies across more than 40 countries around the world. Vietnam is one of Warburg Pincus’ top 5 investment destinations globally and currently the 3rd largest investment destination in Asia. Since 2013, Warburg Pincus has been at the forefront of investing in Vietnam, playing a significant role in the country’s economic growth and development. The company has invested nearly US$2 billion in businesses in Vietnam, making it the largest and most active global private equity investor in the country.

As a trusted partner of choice, Warburg Pincus has supported and partnered with best-in-class entrepreneurs across various sectors to drive innovation and sustainable development. Its equity investments range from real estate to financial services and technology, including BW Industrial, a leading logistics and industrial real estate platform in Vietnam; Vincom Retail, a leading retail real estate platform in Vietnam; MoMo, a leading digital financial services platform in Vietnam; Techcombank, a leading retail banking franchise in Vietnam; Lodgis, a leading hospitality platform and developer in Southeast Asia, and others. These industry leaders have collectively created more than 40,000 jobs across Vietnam, contributing to Vietnam’s economic growth and development. Additionally, the firm has completed two of the largest IPOs in Vietnam – Vincom Retail and Techcombank.

Chip Kaye, CEO of Warburg Pincus, in his opening remarks at the anniversary event, said, “Over the past decade, we have had the privilege of being part of Vietnam’s incredible growth journey. We have witnessed firsthand the remarkable progress that Vietnam has achieved under the leadership of its government, and we are proud to have played an important role in supporting the country’s economic development and transformation. Leveraging our global network, expertise, and capital, we have been able to support and build many industry leaders across multiple high-growth areas, contributing to Vietnam’s economic success. We are a strong believer in Vietnam’s future growth prospects and will remain steadfast in our commitment to the market in the decade ahead.”

“We would like to take this opportunity to share our deep appreciation for all of our partners and friends in Vietnam, whose passion and constant pursuit of excellence have been instrumental in getting us here today. Business success aside, we are immensely proud of the lasting value that we’ve created for our partners and the local community. Giving back to the community is deeply rooted in the firm’s DNA and we strongly believe that education is the key to unlocking the potential of individuals and improving their social and economic well-being. With this belief, we are truly excited about our new partnership with Room to Read to help improve literacy among children and ethnic minorities across Vietnam,” said Jeffrey Perlman, President of Warburg Pincus.

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