OCB (Orient Commercial Joint Stock Bank) and Genesia Ventures have signed a strategic cooperation agreement to provide financial support to technology startups in Vietnam. The signing ceremony took place at OCB’s headquarters in The Hallmark Building, Ho Chi Minh City.
Under the agreement, Genesia Ventures will introduce Vietnamese startups from its investment portfolio to OCB. OCB will then conduct appraisals of these startups and offer flexible, advanced financial products and services tailored to their specific needs.
This initiative is an important step toward promoting the comprehensive development of startups invested in by Genesia Ventures, as well as the broader startup community in Vietnam, in line with Project 844—an initiative by the Vietnamese government to support the innovative startup ecosystem.
The signing ceremony was organized by the Strategic Cooperation Committee of OCB and joined by the founders and representatives of startups backed by Genesia Ventures. After the formal signing, the parties engaged in discussions about expectations, collaborative proposals, and updates on the connection process between the startups and OCB.
Ms. Hoàng Thị Kim Dung, Country Director of Genesia Ventures Vietnam, highlighted the significance of the agreement:
“This strategic cooperation is unprecedented, especially in a context where startups still face significant challenges in accessing traditional banking services in Vietnam. This event reflects great trust and determination of both parties to support the startup community. It also solidifies OCB’s and Genesia Ventures’ pioneering roles in innovating, fostering creativity, and opening doors for sustainable cooperation.”
Mr. Lê Đăng Khoa, Director of SME Business Division, OCB echoed these sentiments, highlighting the bank’s long-term commitment to startups:
“Our bank is not only providing traditional financial products like credit, but we are also delivering comprehensive financial solutions. From loan support to consulting services, we help startups optimize cash flow management, reduce costs, and focus on business growth. OCB is committed to accompanying startups from their early stages. With this strategy, we hope these startups will become long-term partners of the bank.”
Genesia Ventures, a venture capital fund based in Japan and supported by Aozora Bank—a strategic shareholder of OCB—has demonstrated its commitment to the Vietnamese market. The fund primarily focuses on Seed and Pre-A stage startups across Japan, Indonesia, Vietnam, and India.
Over the past five years, Genesia Ventures has invested in 14 Vietnamese startups, underscoring its long-term vision and dedication to fostering innovation in Vietnam’s startup ecosystem.