INTERNATIONAL INVESTMENT
AND PORTAL

Warburg Pincus aims to expand investment footprint in Vietnam

Invest Global 08:42 27/09/2024

Renowned private equity firm Warburg Pincus is planning to expand its investment in Vietnam to capitalise on growing industries.

Renowned private equity firm Warburg Pincus is planning to expand its investment in Vietnam to capitalise on growing industries.

Jake Siewert, Warburg Pincus head of global public policy and political risk, met with Vietnamese President To Lam on September 23 on the sidelines of the United Nations General Assembly in New York. The discussion focused on the firm’s investments in the region, energy transition resources and strategy, tourism, and general outlook.

Warburg Pincus aims to expand investment footprint in Vietnam Warburg Pincus' Jake Siewert met with Vietnamese State President To Lam. Photo: VNA

Since 2018, Warburg Pincus, in partnership with Becamex, has been investing in BW Industrial Development JSC to establish it as the leading for-rent industrial developer in Vietnam. BW is playing a crucial role in helping Vietnam move up the manufacturing value chain by acting as the facilitator of ready-built modern, multi-story, institutional-grade infrastructure for international manufacturers seeking to quickly set up operations in the country.

This year, BW has continued to benefit from supply chain diversification and increased foreign investment, recording year-to-date leasing activity on track for close to one million square metres.

Warburg Pincus aims to expand investment footprint in Vietnam BW sees more tenants opting for larger spaces, as well as a diversification of industries from China entering Vietnam

“As a leading industrial developer, we’re excited to see more tenants opting for larger spaces, as well as a diversification of industries from China entering Vietnam. In addition to sectors like electronics, automotive, and renewables, we’re now seeing a broader range of industries choosing Vietnam as their manufacturing hub,” said Lance Li, CEO of BW.

Some of BW’s recent tenants in 2024 include Skyworth (10,000sq.m – BW Nhon Trach 2), Coherent (50,000sq.m – BW Nhon Trach 1), and Chevron (50,000sq.m – BW My Phuoc 4).

Warburg Pincus aims to expand investment footprint in Vietnam

Besides BW, Warburg Pincus has also invested in Vincom Retail, a leading retail real estate platform in Vietnam; MoMo, a leading digital financial services platform; Techcombank, a leading bank franchise; and Lodgis, a leading hospitality platform in Southeast Asia. The company has invested over $2 billion in businesses in Vietnam, making it one of largest and most active global private equity investors in the country.

Warburg Pincus celebrates 10 years in Vietnam Warburg Pincus celebrates 10 years in Vietnam

Renowned private equity firm Warburg Pincus celebrated its 10th anniversary of investing in Vietnam on November 9 in Hanoi, with the attendance of Marc E. Knapper, US Ambassador to Vietnam, and Tran Duy Dong, Deputy Minister of the Ministry of Planning and Investment of Vietnam.

Warburg Pincus' Jeffrey Perlman named chairman of US-ASEAN Business Council Warburg Pincus' Jeffrey Perlman named chairman of US-ASEAN Business Council

On December 8, the US-ASEAN Business Council announced the election of Jeffrey Perlman, president of Warburg Pincus, as the 13th chairman of the Board of Directors.

Warburg Pincus invests in Xuyen A hospital chain Warburg Pincus invests in Xuyen A hospital chain

Private equity firm Warburg Pincus announced on April 15 it is investing in Xuyen A private general hospital group.

By Thanh Van