TOKYO -- In another signal that investors are steering clear of the technology sector, Vietnam's first private equity manager is shying away from startups in one of Asia's hottest investment destinations and is doubling down on consumer-related companies instead.
Companies
Tech startups? No thanks, says Vietnam's oldest investment fund
Mekong Capital prefers consumer companies in Southeast Asia's hottest private equity market
Mekong Capital invested in Pizza 4P’s, which is one of Vietnam's most popular restaurant chains. (Photo courtesy of Mekong Capital)
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