Aavishkaar Capital Expands into Vietnam, Backing Sustainable Businesses
Aavishkaar Capital, an impact investment fund, is expanding its reach in Southeast Asia. After successful investments in Indonesia and Bangladesh, the fund is now setting its sights on Vietnam. Led by Mrs. Yen Do, the Chief Representative in Vietnam, Aavishkaar Capital is seeking sustainable businesses in key sectors.
Aavishkaar Capital is drawn to Vietnam and Indonesia due to their strong economic indicators and rapid technological advancements, making them attractive investment destinations. The fund is particularly interested in companies that prioritize sustainability and climate change adaptation.
In Vietnam, Aavishkaar Capital is targeting textile, garment, and footwear producers that use natural or recycled inputs and sustainable production processes. It is also keen on companies exporting agricultural products, adopting sustainable farming practices, or producing organic or non-GMO products. However, Vietnamese businesses face barriers in practicing ESG, such as the EU Deforestation Regulation and lack of land records for coffee growers. Securing and effectively utilizing ESG financing is also challenging.
The fund is eager to invest in companies offering eco-friendly packaging, green warehousing, or climate-adaptive supply chain solutions. It has identified Vietnam and Indonesia as key markets in Southeast Asia for investment, focusing on the agriculture and food sector in these markets.
Aavishkaar Capital's expansion into Vietnam, led by Mrs. Yen Do, signals a commitment to supporting sustainable businesses in the region. Despite challenges, the fund is optimistic about the potential for growth and impact in these emerging markets.
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