THE ASCENT vol. 8: 2022 Special Edition: AVVery Good Year

AVV's Partners: Hau Ly, Binh Tran (GP), Eddie Thai (GP)

As the year is coming to a close, we’d like to use this opportunity to take a step back and reflect on our journey so far. 2022 has been an incredibly busy and eventful year for us. We closed our inaugural seed fund, AVV Alpha, at $64 million, exceeding the initial target. To date, AVV has found and invested in 10 exceptional startups in sectors such as fintech, edtech, blockchain, AI, and social commerce. We are confident in the market outlook, our thesis, and the ability of the team to continue investing in exceptional startups in the coming year despite the challenging landscape ahead

Besides investing, we have worked closely with valued partners like GoogleTechfestVietnam Blockchain Summit, and Edtech Asia Summit to evangelize founders and support the broader ecosystem. One highlight was the continuation of SHINE, our women founder initiatives, in partnership with Australian DFAT. By the end of SHINE, we had worked with 60+ female founders and startup executives across Vietnam, providing them with opportunities for training, mentorship, and networking. 

Another big theme for AVV is “connectivity” and in 2022, we have been able to create meaningful opportunities to bring friends in the ecosystem together through our own networking events such as the “AVV and Friends’ series (Hanoi, Saigon, Singapore), ‘Tech After Dark’ (in partnership with Young Entrepreneur Saigon and Ivy+ Partners), and an exclusive fintech social

We will continue to actively invest in and support startups in Vietnam as we head into 2023 (and we have a couple of thoughts about the future in the Spotlight section below). If you want to join forces with us, reach out to us at

Until next time,

The Ascent


AVV Fireside Chat: Looking Ahead into 2023

This was a big year for AVV in more ways than one and while it’s not over yet, we’re already thinking about what will change in 2023. Internally, our team is reflecting on goals, accomplishments, challenges and exploring our vision for the future.


AVV's General Partners: Binh Tran and Eddie Thai sat down for a fireside chat
AVV's General Partners: Binh Tran and Eddie Thai sat down for a fireside chat

For this spotlight, we’re sharing an inside look at Ascend Vietnam Ventures through the lens of the General Partners. In a friendly chat with each other, Binh and Eddie speak candidly about exciting market trends and investment opportunities in Vietnam such as Web3, education, and unique problems that are attracting engineers. They also provide a glimpse into a longer conversation about AVV’s recent learnings, expectations, and the big goals that lay ahead in 2023 for both the firm and the wider ecosystem.

Like what you see? Share the video and let’s continue the conversation.

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