August 2024 marked a significant period for the Vietnamese market, with transactions reaching approximately USD 330 million. The activity spanned across various sectors, with Agriculture, Telehealth, and Automobile industries taking the spotlight:
In the Agriculture sector, a noteworthy investment was made by the Dutch fund, SAIL Investments’ &Green Fund, which pledged USD 25 million to Phuc Sinh, Vietnam’s leading spice exporter.
The Telehealth sector experienced consolidation with the merger of TrueDoc and AiHealth. This was complemented by TNB Aura’s undisclosed pre-seed investment in TrueDoc, aimed at enhancing the company’s platform, broadening its services, and expanding its network.
Meanwhile, the Automobile sector saw InfraCo Asia extend a USD 4 million convertible loan to DatBike, Vietnam’s sole vertically integrated electric motorbike manufacturer.