Vietnam's built world, 24 months.
A one-off look back from October 2024 to October 2026, kept separate from the weekly map so it doesn't skew the radar. Every entry links to its source.
Window: 30 Nov 2024 – 7 Oct 2026 · Amounts in USD, disclosed only; VND converted at 25,400 (2024–25) and 26,300 (2026), EUR at 1.16. MoUs and framework agreements are listed as signals, not deals.
Venture capital by sector
USD, disclosed roundsAll capital by sector
USD, all deal types, disclosedEvery deal, with its source.
| Date | Company | Type | Sector | Stage | USD | |
|---|---|---|---|---|---|---|
| 2026-09-10 | Mapletree Emerging Growth Asia Logistics Private TrustMapletree held a $250M first close for a logistics development fund targeting $2.1B of assets in Malaysia, Vietnam and India, seeded with two Vietnamese warehouses. | Infra & PE | PropTech | Growth | — | Source ↗ |
| 2026-09-03 | Climate Adaptation Through Irrigation ModernizationADB signed a $42.76M loan-and-grant package to modernise seven irrigation systems in Dong Nai, Gia Lai and Quang Ngai against drought and erratic rainfall. | Debt | Climate & Water | Debt | $42.8M | Source ↗ |
| 2026-08-24 | M VillageCo-living and serviced-apartment operator with 53 sites, repositioned as a multi-brand hospitality group; equity at about $121M post-money to build its brand portfolio. | Venture | PropTech | Undisclosed | $26.0M | Source ↗ |
| 2026-08-19 | VTH Software Development JSCVNG agreed to buy back STT GDC's 65% stake in their Tan Thuan data-centre site company after STT GDC decided the project no longer fit its strategy. | M&A | Infrastructure & Smart City | M&A | $18.3M | Source ↗ |
| 2026-08-04 | DT5.1 Energy JSC (Dau Tieng 5 Solar)Started building a VND 7.8 trillion solar-plus-battery plant whose output is contracted to a foreign manufacturer under one of Vietnam's first direct PPAs. | Infra & PE | Energy & Utilities | Growth | $296M | Source ↗ |
| 2026-07-16 | BOT Saigon - My Thuan CoSix banks led by Vietcombank signed a VND 27.1 trillion syndicated loan, described as the largest ever for a Vietnamese BOT road, to widen the 96 km HCMC-Trung Luong-My Thuan expressway. | Debt | Infrastructure & Smart City | Debt | $1.03B | Source ↗ |
| 2026-07-10 | EBOOSTRuns an any-brand EV charging network and software for cars and motorbikes (2,500+ points); Grab's strategic stake funds wider coverage across Vietnam. | Venture | Energy & Utilities | Undisclosed | — | Source ↗ |
| 2026-06-29 | Verdant EnergyIssued what is billed as Vietnam's first certified green bond for C&I rooftop solar, a 15-year VND 792bn tranche guaranteed by GuarantCo. | Debt | Energy & Utilities | Debt | $30.1M | Source ↗ |
| 2026-05-21 | StrideSolar and battery financing platform raising growth capital, alongside a partial Touchstone exit, to expand beyond Vietnam, upgrade its digital and quality systems and reach 200,000 more clean-energy users by 2030. | Venture | Energy & Utilities | Series B | $15.0M | Source ↗ |
| 2026-04-25 | Evolution DC VN HCMCA Singaporean consortium led by Evolution received an investment certificate for a 52 MW hyperscale data-centre campus at Saigon Hi-Tech Park. | Infra & PE | Infrastructure & Smart City | Growth | $509M | Source ↗ |
| 2026-04-25 | StarMason JSCThe Sembcorp Development and BB Holdings joint venture was licensed with $480M of registered capital for a 60 MW Tier III data centre at Saigon Hi-Tech Park. | Infra & PE | Infrastructure & Smart City | Growth | $480M | Source ↗ |
| 2026-04-14 | Can Gio International Transshipment PortHo Chi Minh City approved a consortium of MSC's TIL (49%), VIMC (36%) and Saigon Port (15%) to build the VND 128.9 trillion Can Gio transshipment hub. | Infra & PE | Mobility & Logistics | Growth | $4.90B | Source ↗ |
| 2026-03-26 | Hiep Phuoc Power Co (Hiep Phuoc LNG Phase I)Signed a PPA with EVN and broke ground on a privately owned 1,200 MW build-own-operate LNG-to-power plant costed at about VND 18.9 trillion. | Infra & PE | Energy & Utilities | Growth | $719M | Source ↗ |
| 2026-03-24 | TechcombankEIB Global signed a EUR 200M facility with Techcombank for on-lending to private solar, wind, energy-efficiency and e-mobility projects. | Debt | Energy & Utilities | Debt | $232M | Source ↗ |
| 2026-03-24 | EVN (Bac Ai Pumped Storage Hydropower)European development banks signed EUR 230M of loans to EVN for the 1,200 MW Bac Ai plant, Vietnam's first pumped-storage hydropower project. | Debt | Energy & Utilities | Debt | $267M | Source ↗ |
| 2026-03-16 | Lien Chieu Container PortDa Nang picked a Hateco-APM Terminals consortium to build an eight-berth, VND 45.3 trillion container port, about one-fifth sponsor equity and the rest debt. | Infra & PE | Mobility & Logistics | Growth | $1.72B | Source ↗ |
| 2026-03-09 | Dat BikeFollow-on Series B money for the e-motorbike maker to raise output, strengthen its supply chain and dealer network, and fund R&D before expanding into the region. | Venture | Mobility & Logistics | Series B | $4.0M | Source ↗ |
| 2026-03-06 | Thien Y-Huy Anh Environment Energy JSCChina's CNTY-EUZY Group broke ground on a VND 4 trillion waste-to-energy plant processing 1,600 tonnes of waste a day for 40 MW. | Infra & PE | Climate & Water | Growth | $152M | Source ↗ |
| 2026-02-10 | Circular Plastics Company (CPC)Norway's development fund put $4M of equity into a PET recycling plant in southern Vietnam that turns used bottles into flakes and food-grade rPET pellets. | Infra & PE | Climate & Water | Growth | $4.0M | Source ↗ |
| 2026-01-16 | EVN (Quang Trach II LNG Power Plant)A Vietcombank-led syndicate of four state banks signed a VND 29.6 trillion loan for the 1,500 MW Quang Trach II LNG-to-power plant. | Debt | Energy & Utilities | Debt | $1.12B | Source ↗ |
| 2026-01-14 | BW IndustrialWarburg Pincus-backed BW Industrial formed a $120M development partnership to build about 270,000 sqm of ready-built factories. | Infra & PE | PropTech | Growth | $120M | Source ↗ |
| 2026-01-12 | HDBankFMO ($30M) and BII ($20M) took the second $50M tranche of HDBank's IFC-anchored green bond programme, ring-fenced for solar, efficiency, green buildings and EVs. | Debt | Energy & Utilities | Debt | $50.0M | Source ↗ |
| 2025-12-19 | Darco InfraCo Vietnam WaterSingapore-listed Darco agreed to buy PIDG InfraCo's 49% stake in their Vietnamese water-treatment joint venture, a development-finance exit. | M&A | Climate & Water | M&A | $3.6M | Source ↗ |
| 2025-11-05 | Truong Thanh Duyen Hai Wind Power JSCTokyo Gas took an undisclosed stake in Truong Thanh's nearshore wind company, which runs a 48 MW plant and plans another 48 MW. | M&A | Energy & Utilities | M&A | — | Source ↗ |
| 2025-10-28 | Hoa Binh-Xuan Mai Clean Water (AquaOne)PIDG reached financial close on a privately developed 150,000 m3/day water treatment plant serving the Hanoi region, adding equity to GuarantCo-backed green bond funding. | Infra & PE | Climate & Water | Growth | $8.6M | Source ↗ |
| 2025-10-07 | HBRE Gia Lai Wind JSCActis-backed Levanta agreed to buy Super Energy's operating 50 MW Chu Prong onshore wind farm, its first operating wind asset in the region; closed March 2026. | M&A | Energy & Utilities | M&A | $33.1M | Source ↗ |
| 2025-09-18 | Dat BikeMakes electric motorbikes in Vietnam; the capital goes to factory capacity and automation, next-generation R&D, and more retail, ride-hailing and consumer-financing partnerships. | Venture | Mobility & Logistics | Series B | $22.0M | Source ↗ |
| 2025-05-15 | CiticsAutomated property valuation used by Vietnamese banks plus a digital mortgage-comparison platform; the round funds its push to digitise mortgage lending and property transactions. | Venture | PropTech | Undisclosed | $2.1M | Source ↗ |
| 2025-05-13 | AlternoBuilds sand-based thermal batteries that store heat for industry instead of burning fossil fuels; the round funds a broader product line and heat-as-a-service expansion. | Venture | Energy & Utilities | Series A | — | Source ↗ |
| 2025-03-24 | StridePlatform that combines financing, technology and quality checks so homes and small firms can afford rooftop solar and batteries through a network of installers; equity to scale and attract more green lenders. | Venture | Energy & Utilities | Series A | — | Source ↗ |
| 2025-03-06 | SmartSolarInstalls rooftop solar for small businesses with no upfront cost on a shared-savings model; seed money to grow in Vietnam, expand into Southeast Asia and build a wider SME energy-tech platform. | Venture | Energy & Utilities | Seed | $1.9M | Source ↗ |
| 2025-02-10 | Huu Nghi - Chi Lang Expressway JSCVND 2.5 trillion credit for the 60 km Huu Nghi-Chi Lang BOT expressway to Lang Son's border gates, a Deo Ca-led PPP worth over $430M. | Debt | Infrastructure & Smart City | Debt | $98.4M | Source ↗ |
| 2025-01-07 | CME SolarEAAIF lent $20M to roughly double CME Solar's commercial and industrial rooftop solar portfolio to about 260 MWp. | Debt | Energy & Utilities | Debt | $20.0M | Source ↗ |
Policy, projects and partnerships.
Registered FDI tops USD 50bn in first nine months of 2026
Registered FDI reached USD 50.36bn in January-September 2026 (+76.4% y/y); transport and storage drew USD 5.14bn of new capital, second only to manufacturing.
2026-09-24 · Vietnam · Market dataVietnam startups raise USD 340m in H1 2026, mostly from one deal
Kickstart Ventures data show USD 340m across 10 deals, second in Southeast Asia by value after Singapore; Vinpearl's USD 255m round was about three-quarters of it.
2026-09-09 · Vietnam · Tender/ProjectNorth-South high-speed rail construction start set for December 2027
The Ministry of Construction now targets a December 2027 start for the USD 67.34bn line, with an interim feasibility report due by June 2027.
2026-07-20 · Vietnam · Market dataVinFast sells record 115,916 EVs in Vietnam in H1 2026
Domestic deliveries rose 72% from 67,569 in H1 2025, after a record 175,099 for full-year 2025.
2026-07-01 · Vietnam · LaunchHanoi starts low-emission zone pilot in Hoan Kiem
Phase 1 bars motorbikes and cars from the lake and Old Quarter from 7pm to midnight, Friday to Sunday: a much narrower start than the Ring Road 1 phase-out in Directive 20.
2026-06-26 · Vietnam · PolicyDecree 243 widens DPPAs and lifts rooftop solar export cap to 50%
Decree 243/2026 makes data centres and EV charging and battery-swap sites eligible DPPA buyers, and raises rooftop surplus sales from 20% to 50% of output.
2026-06-08 · Vietnam · PolicyZero registration fee for battery EVs extended to end-2030
Decree 202/2026 keeps the full first-time registration-fee exemption for battery EVs through 2030, extending a waiver that began in 2022.
2026-05-28 · Vietnam · Market dataPrivate capital rebounds to USD 4.5bn in 2025 as VC rises 28%
Do Ventures and BCG counted USD 4.5bn across 149 deals in 2025, including record PE of USD 4bn and VC of USD 509m from 103 deals, up 28% in value though the VC deal count fell.
2026-04-12 · Vietnam · Tender/ProjectVinSpeed breaks ground on USD 5.6bn Hanoi-Quang Ninh high-speed line
Vingroup's VinSpeed began the 120 km line through Hanoi, Bac Ninh, Hai Phong and Quang Ninh, designed for up to 350 km/h and due by end-2028.
2026-03-23 · Vietnam · PartnershipVietnam and Russia sign deal to build Ninh Thuan 1 nuclear plant
Rosatom and Hanoi signed an intergovernmental agreement for two VVER-1200 reactors; Vietnam targets completing both Ninh Thuan plants by end-2030.
2026-02-09 · Vietnam · PartnershipG42 signs up-to-USD 1bn AI cloud framework with FPT and Viet Thai
Abu Dhabi's G42 signed a framework agreement with an FPT and Viet Thai consortium for up to USD 1bn of AI and cloud infrastructure across three data-centre sites, subject to approvals.
2026-02-07 · Vietnam · Market data2025 public investment disbursement hits five-year high
The Ministry of Finance reported VND 858.6 trillion (about USD 33bn) disbursed for the 2025 plan by end-January 2026, VND 234 trillion more than a year earlier.
2025-12-30 · Vietnam · PartnershipCreate Capital and Haimaker.ai plan USD 1bn AI data-centre network
Joint venture Vietnam Data Gen plans about USD 1bn of phased spending on 100 MW of sovereign AI data centres, starting at Da Nang Hi-Tech Park.
2025-12-19 · Vietnam · LaunchLong Thanh International Airport receives first commercial flight
Phase 1 opened civil operations after over VND 109 trillion (about USD 4bn) of state funds; full commercial operation has since slipped to December 2026.
2025-12-19 · Vietnam · Tender/ProjectLao Cai-Hanoi-Hai Phong rail link to China breaks ground
Work began on the 391 km standard-gauge line from the Chinese border to Lach Huyen port, budgeted at over VND 203 trillion (about USD 7.7bn) and due by 2030.
2025-12-19 · Vietnam · Tender/ProjectVingroup starts USD 35bn Olympic Sports Urban Area near Hanoi
Vingroup began a 9,171 ha transit-oriented new urban area on Hanoi's outskirts, with investment up to VND 925.65 trillion (USD 35.2bn), anchored by a 135,000-seat stadium.
2025-12-19 · Vietnam · LaunchNhon Trach 3 and 4 LNG power plants enter commercial operation
PV Power launched commercial operations at about 1.6 GW of LNG-fired capacity in Dong Nai, the first of the 22.5 GW LNG fleet PDP8 targets for 2030.
2025-11-11 · Vietnam · Market dataData-centre capacity put at 525 MW with AI campuses queuing
A VNCDC report cited by VNA puts national capacity at 525 MW in 2025, rising to about 1,000 MW by 2030, with several USD 1-2bn AI campuses in the pipeline.
2025-10-28 · Vietnam · PartnershipKBC, AIC and VietinBank sign MoU for USD 2bn AI data-centre campus
MoU for a 200 MW AI data-centre campus in HCMC funded by equity and project loans, with VietinBank as financing partner; upsized to USD 2.1bn in a March 2026 MoU with the city.
2025-10-14 · Vietnam · PolicyDecree 269 creates a national rulebook for smart cities
Decree 269/2025 requires provincial operations centres, shared open-API urban data platforms and urban digital twins built on GIS, BIM and sensor data, plus as-built BIM handover on construction projects and PPP funding routes.
2025-08-20 · Vietnam · PolicyPolitburo Resolution 70 sets energy-security agenda to 2030
Resolution 70-NQ/TW targets 183-236 GW of capacity by 2030 with 25-30% renewables in primary energy, and calls for fast-tracking nuclear and reforming DPPA and transmission pricing to draw private capital.
2025-08-12 · Vietnam · PartnershipCMC and Samsung C&T sign MoU for USD 1bn HCMC data centre
MoU for a roughly USD 1bn hyperscale data centre at Saigon Hi-Tech Park, starting with a USD 250m, 30 MW first phase. Not yet a committed investment.
2025-07-12 · Vietnam · PolicyDirective 20 orders Hanoi petrol motorbike phase-out by ring road
PM Directive 20/CT-TTg set Hanoi's phase-out of fossil-fuel motorbikes inside Ring Road 1 from 1 July 2026, Ring Road 2 from 1 Jan 2028 and Ring Road 3 from 2030.
2025-06-27 · Vietnam · PolicyInternational financial centre approved for HCMC and Da Nang
Resolution 222/2025/QH15 (effective 1 Sep 2025) offers 10% corporate tax for 30 years or 15% for 15 years, personal income tax exemption to 2030 and an international arbitration centre.
2025-06-14 · Vietnam · PolicyLaw on Digital Technology Industry sets rules for AI and digital assets
Passed 14 June 2025, effective 1 Jan 2026: defines AI with approval for high-risk uses and offers tax and funding incentives for AI, semiconductor R&D and tech startups.
2025-06-12 · Vietnam · PolicyProvinces cut from 63 to 34 and district tier abolished
Resolution 202/2025/QH15 merged units into 6 centrally run cities and 28 provinces from 1 July 2025; HCMC absorbed Binh Duong and Ba Ria-Vung Tau.
2025-06-09 · Vietnam · PolicyDecree 119 launches pilot emissions trading for power, steel and cement
Decree 119/2025 sets a 2025-2028 pilot ETS with free intensity-based allowances covering about 70% of national emissions; offsets capped at 30% and auctions planned from 2029.
2025-04-15 · Vietnam · PolicyRevised PDP8 raises 2030 solar, storage and nuclear targets
Decision 768/QD-TTg sets 183-236 GW of capacity by 2030: 46-73 GW solar, 26-38 GW onshore wind, 6-17 GW offshore wind, 10-16.3 GW battery storage and 22.5 GW LNG, plus 4-6.4 GW nuclear for 2030-2035.
2025-03-03 · Vietnam · PolicyDecree 57 sets workable rules for direct power purchase agreements
Decree 57/2025 replaces Decree 80/2024: renewable generators can sell directly to large users (200,000 kWh/month and up) over private lines or through grid-based contracts for differences.
2024-12-22 · Vietnam · LaunchHCMC Metro Line 1 starts commercial service
HCMC's first metro line, the 19.7 km Ben Thanh-Suoi Tien route with 14 stations, opened with 30 days of free rides and about 200 trips a day.
2024-12-22 · Vietnam · PolicyPolitburo Resolution 57 puts science and digital transformation at the top
Resolution 57-NQ/TW targets R&D at 2% of GDP and a digital economy of at least 30% of GDP by 2030, and earmarks at least 3% of the state budget each year for science, innovation and digital transformation.
2024-11-30 · Vietnam · PolicyNew Electricity Law opens grids and transmission to private investors
Law 61/2024/QH15 (effective 1 Feb 2025) lets non-state investors build and operate grids, and limits the state monopoly to dispatch, nuclear, strategic hydro and the 220 kV+ backbone. It sets offshore wind siting rules and requires a roadmap to end cross-subsidised tariffs.
2024-11-30 · Vietnam · PolicyNational Assembly restarts Ninh Thuan nuclear power programme
Lawmakers approved restarting the shelved two-plant Ninh Thuan nuclear project with EVN as investor, citing 12-13% power demand growth expected in 2025.
2024-11-30 · Vietnam · PolicyUSD 67bn North-South high-speed railway approved
The National Assembly approved a 1,541 km, 350 km/h line from Hanoi to HCMC through 20 provinces, costing about VND 1,713.5 trillion (USD 67.6bn), to finish by 2035 with a 5.5-hour end-to-end trip.
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