Some of Mekong Capital’s investee companies post strong H1 growth
Several companies invested by Mekong Capital, among the leading foreign-run asset management firms in Vietnam, continued to record strong revenue growth in the first half of this year.
LiveSpo
In H1/2024, LiveSpo, a consumer health company, recorded a 49% year-on-year growth in net revenue, Mekong Capital said in a newsletter, without giving specific figures.
The performance was mainly attributed to the company’s effective selling strategy in pharmacy chains and e-commerce channels.
In May 2024, LiveSpo was granted two exclusive patents by Vietnam’s National Intellectual Property Office for LiveSpo COLON and LiveSpo X-SECRET. LiveSpo COLON supports the treatment of colitis, while LiveSpo X-SECRET supports the prevention and treatment of vaginitis.
LiveSpo manufactures and sells liquid spore-based probiotic supplements, focusing on improving digestive health and enhancing respiratory function. It is well-known for its nasal-spray spore probiotics, LiveSpo NAVAX.
Marou
Marou, a chocolate company founded by two French entrepreneurs, saw its net revenue up 76% year-on-year in H1.
It now has 16 shops nationwide, offering a wide selection of chocolate drinks, pastries, and chocolate bars in big cities in Vietnam and several kiosks in Tan Son Nhat International Airport in Ho Chi Minh City.

Marou's Dark Chocolate 65% and Caramel Lotus Seeds. Photo courtesy of Mekong Capital.
In June 2024, Marou won a Silver Award from the International Institute of Chocolate and Cacao Tasting in the category of chocolate bars for its Dark Chocolate 65% and Caramel Lotus Seeds.
Gene Solutions
In H1, biotechnology company Gene Solutions recorded the number of Non-Invasive Prenatal Testing (NIPT) tests growing by 21% year-on-year, driven by the company’s effort to offer wider variations of NIPT tests with different price ranges and features.
In June 2024, Gene Solutions’ central lab in HCMC was accredited by the College of American Pathologists (CAP) Laboratory Accreditation, the highest standard for diagnostic laboratories. Gene Solutions has become the first next-generation sequencing lab in Vietnam to receive this accreditation.
Also in June, HSBC provided a social loan for Gene Solutions, allowing the latter to continue expanding its healthcare services to Vietnam and ASEAN’s citizens.
Gene Solutions is a genetic testing company that specializes in NIPT for pregnant women and a pioneer in oncology with its early cancer detection technology, SPOT-MAS. Gene Solutions currently has operations in Vietnam, Singapore, Indonesia, Thailand, and the Philippines.
Pawnshop chain F88
F88 earned a net profit of VND31 billion ($1.22 million) in Q1, after posting a heavy loss in 2023.
In Q2/2024, FiinRatings, Vietnam’s first public credit rating agency, announced that it maintained F88’s rating at the level of BBB- and upgraded the outlook to “stable” due to F88’s improvement in business performance and diverse capital mobilization capabilities.

F88 employees. Photo courtesy of the company.
Founded in 2013, F88 is one of Vietnam’s largest financial service chains providing vehicle title lending and insurance to mass underbanked people through its 820 branches nationwide as of June 30.
Vua Nem
During Q2, Vua Nem, the leading mattress retail company in Vietnam in terms of number of stores, opened three new outlets in Binh Duong, Thai Nguyen, and Dak Lak provinces.
The store-level EBITDA reported a 123% year-on-year jump in the first six months of 2024 as Vua Nem offered new and affordable products to its customers via a network of 129 stores nationwide.
Vua Nem targets to differentiate by offering an omnichannel shopping experience with a wide range of mattresses, bedding accessories, and sleep solutions such as multi-brand mattresses, bedding accessories and adjustable beds.
In May, Mekong Enterprise Fund IV invested $5 million in HUSK, a pioneering biochar and biofertilizer company.
Founded in 2017, HUSK produces biochar, carbon-based fertilizers, and crop protection products.
- Read More
Vietnam's 5-month registered FDI hits $18.4 bln, up 51%
Registered foreign direct investment (FDI) in Vietnam hit $18.4 billion in the first five months of the year, up 51.1%, while disbursed capital reached $8.9 billion, up 7.9%.
Economy - Thu, June 5, 2025 | 6:52 pm GMT+7
Indonesia launches economic stimulus package to boost purchasing power
The Indonesian Government has rolled out an economic stimulus package worth IDR24.44 trillion (nearly $1.53 billion) to maintain consumer purchasing power and stabilize the national economy.
Southeast Asia - Thu, June 5, 2025 | 4:06 pm GMT+7
Vinhomes subsidiary to develop two industrial parks worth $383 mln in northern Vietnam
Vinhomes Hai Phong Industrial Park Investment JSC under Vinhomes, the housing arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to be the investor of two industrial parks worth VND10 trillion ($383 million) in the northern port city of Hai Phong.
Real Estate - Thu, June 5, 2025 | 3:54 pm GMT+7
Agriculture drives Indonesia’s economic growth
Agriculture is emerging as a key driver of Indonesia’s economic growth, especially in the first quarter of 2025, according to the latest report by the Indonesian Institute for Development of Economics and Finance (INDEF).
Southeast Asia - Thu, June 5, 2025 | 3:46 pm GMT+7
Vietnam's logistics heavyweight Gemadept plans over $38 mln buyback if shares plunge
Gemadept, Vietnam's leading port and logistics company, listed on the Ho Chi Minh Stock Exchange as GMD, plans to buy back 21 million shares, equivalent to 5% of its outstanding shares.
Companies - Thu, June 5, 2025 | 3:32 pm GMT+7
Vietnam, US to hold third round of reciprocal trade pact talks in first half of June
The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. is expected to take place in the first half of June, as agreed by their trade ministers on Wednesday.
Economy - Thu, June 5, 2025 | 3:22 pm GMT+7
Housing developer Vinhomes, consortium partners win bid for $10 bln urban area project in central Vietnam
Vinhomes, the housing development arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), and its consortium partners have won the bid to develop a VND260.3 trillion ($9.97 billion) urban area project in the south-central province of Khanh Hoa.
Real Estate - Thu, June 5, 2025 | 12:15 pm GMT+7
Agriculture ministry proposes police probe into allegations C.P. Vietnam sold 'diseased pork'
The Ministry of Agriculture and Environment on Wednesday asked the Ministry of Public Security to investigate social media allegations that C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), sold “diseased pork.”
Companies - Thu, June 5, 2025 | 8:32 am GMT+7
Vietnam a strategic manufacturing hub in Asia amid global supply chain reshuffle: exec
Vietnam has emerged as a strategic manufacturing hub in Asia amid the substantial restructuring of global supply chains, said Dhamcharee Varaporn, managing director of RX Tradex Thailand & Vietnam, a leading exhibition organizer.
Companies - Thu, June 5, 2025 | 8:00 am GMT+7
Vietnam's major developer Tan Hoang Minh wants to make Da Lat 'Asia’s most livable town'
Do Anh Dung, chairman of Tan Hoang Minh, on Tuesday proposed that authorities of Lam Dong province support the property developer in planning a 4,320-hectare smart urban area project in the resort town of Da Lat.
Real Estate - Wed, June 4, 2025 | 10:36 pm GMT+7
Vietnam’s economic landscape 'positive' amid global headwinds: Prime Minister
Vietnam’s socio-economic situation has been trending positively, with stable macroeconomic conditions, inflation under control, and major economic balances well maintained, says Prime Minister Pham Minh Chinh.
Economy - Wed, June 4, 2025 | 5:23 pm GMT+7
Unleashing the quantum power in banking
While quantum computing remains in its early stages, its potential to reshape the financial landscape is undeniable. Institutions that act now, by investing in research, forming strategic partnerships, and deploying pilot use cases, will be at the forefront of this transformation, writes Phillip Wright, COO at HSBC Vietnam.
Consulting - Wed, June 4, 2025 | 3:59 pm GMT+7
How Jardine Matheson expands footprint in Vietnam
From a quiet financial investment in 2008, Jardine Matheson, a diversified, Asia-focused investment company based in Bermuda, has steadily expanded its influence in Vietnam, one of Southeast Asia’s fastest-growing economies.
Companies - Wed, June 4, 2025 | 2:57 pm GMT+7
Vietnam, Japan see 'strong collaboration prospects in developing green, eco-friendly products'
Vietnam and Japan have vast potential for cooperation in the development of green and environmentally friendly products, said general secretary of the ASEAN-Japan Center (AJC) Kunihiko Hirabayashi.
Economy - Wed, June 4, 2025 | 12:16 pm GMT+7
Quynh Lap LNG-fired power project in central Vietnam seeks in-principle approval
The $2.15 billion Quynh Lap LNG-fired power project, located in Nghe An province, is drawing significant interest from both international and domestic investors.
Energy - Wed, June 4, 2025 | 9:28 am GMT+7
Indonesia's coal exports dip on weak demand
Indonesia's coal exports dropped 6.43% to 160 million tons during January-April, according to the Energy and Mineral Resources Ministry.
Southeast Asia - Wed, June 4, 2025 | 8:48 am GMT+7