Log in
Business

Mekong Capital invests in fast-growing healthcare firm

Healthcare is among the most attractive industries for investors.

Private equity firm Mekong Capital has invested US$8.8 million in LiveSpo Global, a Vietnamese innovative company exporting its consumer health products to more than 20 markets in the world.

The LiveSpo Global's showroom at a healthcare fair in Hanoi. Photo: LiveSpo Global

LiveSpo Global is established by a group of three founders, specializing in Spores Probiotics Technology. The technology produces spore-based probiotics in liquid form, multi-strains, and high concentration that was developed by Dr. Nguyen Hoa Anh.

Anh returned to Vietnam in 2010 after 15 years of studying and working in molecular biology at Tohoku University in Japan. The healthcare company aims to become a digitalized pharmaceutical company that revolutionizes the way consumers care for health with spore probiotics.

In earlier July, Mekong Enterprise Fund IV (MEF) also completed an investment into HSV Group, the largest cosmetics retailer in Vietnam in terms of the number of stores. The company owns 69 The Face Shop, 11 Beauty Box and seven South Korean-style Club Clio cosmetics outlets, six Adidas and 12 Reebook sportswear stores. 

Healthcare is among the most attractive industries for investors according to the latest survey on the Vietnam private equity outlook conducted by Grant Thornton Vietnam, an auditing and consulting firm. 

Nguyen Thi Vinh Ha, Head of Advisory at Grant Thornton Vietnam, cited the firm’s survey showing that the growth prospects in healthcare come from the higher healthcare spending per capita with a compound annual growth rate (CAGR) of 9.8% from $194 in 2019 to an expected $309 in 2024. 

The shortage of qualified personnel and inadequate healthcare infrastructure results in a huge supply gap and the increasing aging speed of the Vietnamese population will further boost healthcare demand, she noted.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam targets 100% online processing of business-related procedures

Vietnam targets 100% online processing of business-related procedures

By 2026, corporate compliance costs must be halved compared to 2024, achieved through a 50% reduction in processing times.

Vietnam aims to create one million new businesses by 2030

Vietnam aims to create one million new businesses by 2030

Ministries and local governments are expected to cut at least 30% of processing times, compliance costs, and unnecessary business conditions this year.

Hanoi advances energy efficiency for businesses

Hanoi advances energy efficiency for businesses

Hanoi authorities, in collaboration with relevant agencies, are providing technical support to businesses in adopting advanced energy-saving technologies and developing energy efficiency indices.

Vietnamese spend US$13 million daily on coffee and tea

Vietnamese spend US$13 million daily on coffee and tea

Total revenue for the F&B industry is expected to reach VND755.4 trillion ($29.6 billion) this year.

Vietnam works to overcome US seafood export barriers

Vietnam works to overcome US seafood export barriers

Vietnam’s seafood industry is facing new trade barriers from the US under the Marine Mammal Protection Act (MMPA), which aims to reduce bycatch and promote sustainable fishing.

New IPO rules in Vietnam: How startups can raise capital faster?

New IPO rules in Vietnam: How startups can raise capital faster?

Unlocking capital flows would be crucial for the sustainable development of Vietnam's startup ecosystem.

Viettel to open new data center in Ho Chi Minh City next month

Viettel to open new data center in Ho Chi Minh City next month

Expected to be operational by 2026, the center will play a critical role in meeting the data storage and processing needs of southern Vietnam.

Vietnam targets to become US’s manufacturing hub in SEA: PM

Vietnam targets to become US’s manufacturing hub in SEA: PM

Vietnam encourages US investors to expand their presence in key sectors such as energy, high technology, semiconductors, AI, aviation, aerospace, and climate change mitigation.