Warburg Pincus aims to expand its investment footprint in Vietnam

Over the course of the United Nations General Assembly in New York, Warburg Pincus Head of Global Public Policy and Political Risk, Jake Siewert, met with Vietnam President, To Lam. The discussion focused on the firm’s investing in the region, energy transition resources and strategy, tourism, and general outlook.

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 continues to benefit from supply chain diversification and the increase of FDI trends, with recorded year-to-date leasing activity on track for close to 1 million sqm of leases.

“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 (10,000 sqm – BW Nhon Trach 2; Coherent (50,000 sqm – BW Nhon Trach 1); Chevron (50,000 sqm – BW My Phuoc 4), just to name a few.

Besides BW, Warburg Pincus also invested in Vincom Retail, a leading retail real estate platform in Vietnam; MoMo, a leading digital financial services platform in Vietnam; Techcombank, a leading bank franchise in Vietnam; 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.