A merchant bank advising and investing in Vietnam’s burgeoning champions

Our unique approach combines global expertise with deep local insight, making us the

partner of choice for navigating Vietnam's dynamic market landscape.


ABOUT

At 20in20 Partners, we believe in the immense potential of Vietnam to become a Top 20 global economy in the next 20 years. Our mission is to serve as Vietnam’s most trusted advisor and preferred capital partner, collaborating with industry leaders, long-term investors, and other stakeholders.



As capital needs of Vietnamese businesses evolve, we invest where we can use our experience, industry knowledge, and extensive relationships to create value. We are flexible in deal types, including minority and control transactions, and across the company life cycle from venture to buyouts.


We advise in capital raising, M&A, corporate restructuring, and investor engagement. We provide bespoke solutions that address the unique challenges and opportunities in the Vietnamese market, ensuring our clients and partners achieve successful outcomes.


TEAM

Our founding partners bring together a unique blend of international and on-the-ground Vietnam experience as trusted advisors, investors, and operators. With New York finance roots, Bang and Tony have honed their institutional experience in developed markets. Critically, they have on-the-ground operating expertise in Vietnam, having played a pivotal role in the largest banking IPO in Southeast Asia (Techcombank) and having built numerous well-known organizations (Ironman/Sunrise, Everest Education, Sponsors for Educational Opportunity - Vietnam).

BANG TRINH

Founding Partner


Bang is an advisor, investor, and executive who returned to Vietnam 2009 with the vision of helping the country become a top 20 economy globally. He was previously Group CFO at Techcombank (HOSE: TCB), where he played a pivotal role in the bank's 2018 IPO, Southeast Asia's largest banking IPO to date. He was part of a leadership team that drove a customer centric transformation and led the bank through COVID-19 to achieve record financial results. As a passionate endurance athlete and co-founder of Sunrise Events Vietnam, Bang brought the IRONMAN triathlon to Vietnam, establishing a premier mass participation event organizer. Bang's current roles include Senior Advisor to PAG, an Asian focused alternative investment firm, and Chairman of Galaxy EE, a Vietnamese company focused on the entertainment and education sectors. Previously, he held senior roles at Morgan Stanley and worked for his family's real estate business in Virginia. Bang earned a B.S. in Systems Engineering from the University of Virginia and served on the Board of Managers of its Alumni Association. He is a member of YPO and resides in Ho Chi Minh City with his family. Bang and his wife actively support various charitable causes.


TONY NGO

Founding Partner


Tony is an investor and entrepreneur who has engaged in Vietnam’s business landscape since 2007 when he served as TPG’s first investment professional in Vietnam. In 2008, he joined New York-based Bridger Capital, a long-short fund, where he focused on Vietnamese and Chinese equities. At Bridger, he managed a partnership with Vietnamese securities firm Horizon Capital, guiding their investment team. In 2015, Tony became Co-founder & Chairman of Everest Education in Vietnam, steering its expansion into online learning and forming a strategic joint venture with Spark Education Global (HuoHua Siwei). Tony began his career at Morgan Stanley and Jefferies in Silicon Valley. Tony has served as a board member at Nam Long Group (HOSE: NLG), a leading Vietnamese township developer, as well as at Sponsors for Educational Opportunity-Vietnam (SEO-Vietnam), a non-profit he founded. His academic credentials include an M.B.A. from Harvard, a M.S. in Industrial Engineering and a B.A. in Economics, both from Stanford. Tony divides his time between Vietnam and Los Angeles, where he resides with his wife and two children.

ADVISORY

We advise in capital raising, M&A, corporate restructuring, and investor engagement. We provide bespoke solutions that address the unique challenges and opportunities in the Vietnamese market, ensuring our clients and partners achieve successful outcomes.


Mergers & Acquisitions

Private Capital Raising

Offering M&A advice and execution for Vietnam's businesses from startups to large enterprises. We focus on enhancing acquisition strategies and facilitating lucrative exits.


Investor Engagement


Guiding companies in developing robust communication strategies to build trust and transparency with stakeholders. Our expertise ensures effective engagement, fostering long-term investor confidence and maximizing shareholder value.


Connecting Vietnamese companies with capital for strategic growth. Our global relationships foster strategic partnerships within Vietnam's vibrant market.


Corporate Restructuring

Providing strategic advisory to improve financial stability and enhance operational efficiency. Our tailored solutions address complex challenges, often with multiple stakeholders, ensuring sustainable growth and competitive advantage for businesses in transition.


INVESTMENT

As capital needs of Vietnamese businesses evolve, we identify attractive investment opportunities where we can use our experience, industry knowledge and extensive relationships to create value. We focus on consumption-driven sectors including: health and wellness, consumer packaged goods, education and edtech, modern retail and specialty retail, eCommerce enablement, financial services, real estate, and consumer services, among others. Additionally we are open to global consumption of Vietnamese products, services, and talent.


Our investment philosophy is centered on creating value and delivering superior outcomes through a disciplined approach to capital allocation and market engagement. As such, we are flexible in deal types, including minority and control transactions, from growth to buyouts.


CONTACT

For recruiting inquiries: recruiting@20in20partners.com


For all other inquiries: info@20in20partners.com