Singapore's Golden Gate Ventures opens Vietnam offices

By Thuy Nguyen
Mon, May 30, 2022 | 4:34 pm GMT+7

Golden Gate Ventures is opening two offices in Hanoi and Ho Chi Minh City as part of the Southeast Asian venture capital fund’s plans to increase investments in Vietnam’s startup ecosystem.

The firm’s founding partner Vinnie Lauria has moved to Ho Chi Minh City to lead operations, it said in a release on Monday.

Logo of Golden Gate Ventures. Photo courtesy of the company.

Logo of Golden Gate Ventures. Photo courtesy of the company.

Golden Gate Ventures, on the same day, embarked on a partnership with National Innovation Center (NIC), a unit of Vietnam’s Ministry of Planning and Investment, to jointly support the country's startup ecosystem. The pair also plan to help Vietnamese startups build regional businesses.

NIC director Vu Quoc Huy said Vietnam's entire ecosystem attracted a record $1.4 billion of investment last year and the number of newly-established enterprises in the first four months of this year rose 12.3% year-on-year and 32% compared to the same period of 2020.

“We’re expecting investments to double in the next three years,” Huy said at a ceremony held in Hanoi for launching their new partnership.

Golden Gate Ventures’ founding partner Vinnie Lauria (R) and Vu Quoc Huy, director of Vietnam’s National Innovation Center, sign a partnership agreement in Hanoi on May 30, 2022. Photo courtesy of NIC.

Golden Gate Ventures’ founding partner Vinnie Lauria (R) and Vu Quoc Huy, director of Vietnam’s National Innovation Center, sign a partnership agreement in Hanoi on May 30, 2022. Photo courtesy of NIC.

Over the past few years, Vietnam has been attracting strong investments thanks to forecasts of high growth in domestic consumption, fast-growing middle-class Asia, and increasing post-pandemic demand in the internet economy.

Venture capital firms have in recent years been seeking opportunities outside China and the U.S. and China, and Southeast Asia, home to 650 million people, is a key destination. The region’s internet economy is estimated to double to $363 billion by 2025, according to an industry report by Google, Singapore’s state investor Temasek Holdings, and Bain & Co.

Golden Gate Ventures already has offices in Singapore and Indonesia, the region’s most populous country, followed by Vietnam.

Comments ( 0)
  • Read More
VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment

VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment

Vietnam's benchmark VN-Index edged closer to the 1,800-point threshold on Monday as improving sentiment over easing tensions in the Middle East boosted risk appetite, driving gains in brokerage stocks while oil and Vingroup-related stocks weighed on the market.

Finance - Mon, June 15, 2026 | 8:34 pm GMT+7

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products continue to enjoy the highest level of trust among Vietnamese consumers, reinforcing the country’s position as the benchmark for quality and reliability in one of Southeast Asia’s fastest-growing consumer markets, according to a new survey by market research firm Q&Me.

Economy - Mon, June 15, 2026 | 6:48 pm GMT+7

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.

Companies - Mon, June 15, 2026 | 4:52 pm GMT+7

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.

Industries - Mon, June 15, 2026 | 4:01 pm GMT+7

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.

Banking - Mon, June 15, 2026 | 2:26 pm GMT+7

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.

Banking - Mon, June 15, 2026 | 12:03 pm GMT+7

FDI listings a missing piece in Vietnam's stock market development

FDI listings a missing piece in Vietnam's stock market development

As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.

Finance - Mon, June 15, 2026 | 11:14 am GMT+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GMT+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.

Economy - Sun, June 14, 2026 | 2:45 pm GMT+7

50 years of Gamuda Berhad and its urban development journey in Vietnam

50 years of Gamuda Berhad and its urban development journey in Vietnam

Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.

Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7

Industrials, technology top Vietnamese sectors in M&A transaction volume

Industrials, technology top Vietnamese sectors in M&A transaction volume

Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.

Consulting - Sun, June 14, 2026 | 9:00 am GMT+7

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.

Companies - Sun, June 14, 2026 | 8:00 am GMT+7

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.

Companies - Sat, June 13, 2026 | 7:45 pm GMT+7

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.

Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC)⁠ targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities⁠.

Companies - Sat, June 13, 2026 | 3:07 pm GMT+7