The LP View: ThinkZone fund backers say Vietnamese startups need local investors to solve local issues

The LP View: ThinkZone fund backers say Vietnamese startups need local investors to solve local issues

From left to right: Dinh Duc Thang, Chairman and CEO of Stavian Group; Pham Dinh Doan, Chairman of Phu Thai Holdings and Pham Minh Huong, Chairwoman of VNDIRECT

In late February this year, the Vietnamese early-stage venture capital firm ThinkZone Ventures closed its second fund at $60 million, making it the biggest homegrown VC vehicle backed by local conglomerates.

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