HVA Group

What HVA Group does

HVA Group (Công Ty Cổ Phần Đầu Tư HVA) is a Vietnamese publicly listed investment company headquartered in Can Tho with regional offices across Hanoi, Da Nang, and Ho Chi Minh City. Founded on May 19, 2010 and recognized as a public company by the State Securities Commission on March 5, 2015, HVA trades on the UPCoM exchange under ticker HVA with registered capital of 136.5 billion VND and 585 shareholders. The company operates a multi-channel investment platform spanning digital asset investment, gold and precious metals, equities, real estate, venture capital/innovation, and franchise investment. Major shareholders include Jade Labs Pte.Ltd (24.29%), Chairman Vương Lê Vĩnh Nhân (15.71%), METACARE (15.44%), and LiveTrade (12.80%), with the top four controlling approximately 68% of equity.

The company's core technology stack is a blockchain and AI-enabled financial platform built around four fund categories (Equities, Precious Metals, Properties, Tech) and a suite of modular products: Sổ Cổ Đông Điện Tử (electronic shareholder registry at socodong.vn), DNPAY DeFi platform (supporting BEP20, OnusChain, and Optimism networks), HVA CloudX cloud computing service, eKYC biometric identity verification integrated with Vietnamese government chip-based IDs, and the Eric AI chatbot for customer support. HVA is a member of the FUNDGO startup investment fund and operates the HVA.VN multi-channel asset management application for digital asset, gold, and portfolio tracking.

HVA generates revenue through transaction-based fees on its investment products (digital assets, gold, equities, real estate, VC, franchise) and professional services fees from technology outsourcing (web/app development, cloud, AI, eKYC, fintech) and financial advisory. The 2025 financial plan targets 100 billion VND in revenue and 10 billion VND in after-tax profit, following 2024 plan achievement of 111% of revenue target and 210% of profit target. Investment portfolio NAV includes HanaGold (65.19B VND, +62.99%), OnusChain (41.38B VND, +65.52%), ETH (30.50B VND, +103.30%), and BTC (29.28B VND, +46.41%).

Name

HVA Group

Legal name

Công Ty Cổ Phần Đầu Tư HVA

Website

https://hva.group

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

HVA Group is a Vietnamese UPCoM-listed investment company operating a multi-channel platform for digital asset, gold, equity, real estate, and venture capital investments, serving individual investors, corporate clients, and startups through its blockchain and AI-enabled technology stack.

Ownership category

akta.pro rank

Product category

Diversified Investment Management

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (52591)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Managed Accounts & Unified Managed Accounts (UMAs) — Multi-Asset (FSAAAJAE)

akta.pro secondary industries

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM), Private Client/High-Net-Worth Advisory (FSAEAAAN), RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC), RWA Settlement, Transfer Agent & Lifecycle Management Infrastructure (FSADAEAN)

Keywords

• Diversified investment services
• Digital asset investment
• Blockchain fintech platform
• Asset management funds
• Investment advisory services

Headquarters

HQ city

Tân An

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Digital Asset Investment: Investment in digital assets including blockchain-based assets, cryptocurrency portfolios, and digital financial instruments through proprietary platforms.
2. Gold Investment & Precious Metals: Wholesale and investment services for precious metals and gold, including the HanaGold platform providing stable returns for investors.
3. Equities Investment: Investment in equity securities, portfolio management, and shareholder services for listed companies on Vietnamese exchanges.
4. Real Estate Investment: Investment in industrial real estate and commercial property development including office leasing services.
5. Innovation Investment (VC): Investment in startups and innovation companies, venture capital activities, and M&A advisory services.
6. Franchise Investment: Investment in franchise business models and support for franchise development and expansion.
7. Technology Services: Software outsourcing including web/app development, cloud services (HVA CloudX), AI solutions, eKYC, payment solutions, and fintech services.
8. Financial Advisory Services: Investment consulting, business management consulting, strategic advisory, and M&A advisory services for enterprises.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

HVA Group is a publicly listed Vietnamese investment company that operates a multi-channel asset management platform combining traditional investment funds (equities, precious metals, real estate, technology) with digital asset investment through blockchain-based instruments. It also develops and sells a proprietary Blockchain & AI technology stack — including an electronic shareholder registry (Sổ Cổ Đông Điện Tử), a DeFi platform (DNPAY), cloud computing (HVA CloudX), eKYC, software outsourcing, big-data/AI analytics, and fintech services — to enterprises and financial institutions.

Product overview

HVA Group operates as a multi-channel financial investment company offering a unified platform combining traditional investment services (equities, precious metals, real estate) with technology-enabled products. The core product portfolio spans four main service lines: Digital Asset Investment, Gold Investment & Jewelry Trading, the Blockchain & AI Core Technology Platform, and Support Services for the Innovation Ecosystem. The Blockchain & AI platform itself is a modular suite comprising seven sub-products: Sổ Cổ Đông Điện Tử (electronic shareholder register), DNPAY (DeFi platform), HVA CloudX (cloud computing), eKYC (electronic identity verification), Software Outsourcing (web/app development), Big Data & AI services, and Fintech services (QR payments, e-wallet, KYC/AML). In addition, HVA manages four specialized fund categories (HVA Equities, HVA Precious Metals, HVA Properties, HVA Tech) and an AI chatbot (Eric) for customer service.

Differentiator

Problem solved

Functional benefit

Brands

• Sổ Cổ Đông Điện Tử: Electronic shareholder register platform providing equity consulting, capital raising, and shareholder management services with quick, simple and safe stock trading interface.
• DNPAY
• HVA Cloud
• eKYC
• HVA CloudX

Products and services

• Digital Asset Investment (Đầu tư tài sản số) Investment in blockchain-based digital assets, cryptocurrency portfolios (OnusChain, BTC, ETH) and digital financial instruments through proprietary platforms including the HVA.VN multi-channel app; targeted at Vietnamese investors seeking exposure to digital assets.

Quantifiable outcome

• Digital asset portfolio NAV: OnusChain 41.38 billion VND (+65.52%), ETH 30.50 billion VND (+103.30%), BTC 29.28 billion VND (+46.41%), HanaGold 65.19 billion VND (+62.99%)

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered significant (15.44% ownership), strategic (12.80% ownership), core ecosystem partner, strategic, core investment partner, technology partner, strategic partnership and partnership.

• Công ty TNHH Công Nghệ Y Tế METACAREsignificant (15.44% ownership)Strategic or Co-development PartnerMedical technology company holding 15.44% stake in HVA. Represents potential synergies between healthcare technology and financial services sectors.
• Công ty Cổ phần LiveTradestrategic (12.80% ownership)Strategic or Co-development PartnerLiveTrade JSC holding 12.80% stake. Strategic partner in trading and financial services, collaborating on investment opportunities and market development.
• Quỹ đầu tư khởi nghiệp sáng tạo FUNDGOcore ecosystem partnerStrategic or Co-development PartnerFUNDGO is the innovation startup investment fund that HVA is a member of, providing access to startup investment opportunities and innovation ecosystem support.
• TrustpaystrategicStrategic or Co-development PartnerTrustpay JSC is a related company under the same leadership, providing payment and fintech solutions that complement HVA's investment services.
• HanaGoldcore investment partnerStrategic or Co-development PartnerGold investment platform partnership providing stable returns for investors. HanaGold NAV reached 65+ billion VND representing 62.99% growth from initial investment.
• Delta Labstechnology partnerTechnology or IntegrationDelta Labs JSC is a technology company providing blockchain and AI technology solutions that support HVA's digital transformation initiatives.
• OnusChain/Onuscore investment partnerStrategic or Co-development PartnerOnusChain is a strategic investment holding providing digital asset exposure. OnusChain NAV reached 41+ billion VND with 65.52% growth from initial investment.
• Hyundai HTstrategic partnershipStrategic or Co-development PartnerStrategic partnership with Hyundai HT and Sao Viet announced in February 2024, representing collaboration in technology and business development initiatives.
• Livetradestrategic partnershipStrategic or Co-development PartnerStrategic partnership with Livetrade for market development and trading platform collaboration in Vietnam's financial market.
• Sao VietpartnershipGTM or Marketing PartnerJoint collaboration with Sao Viet and Hyundai HT for strategic business development and market expansion activities.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• FPT IS (FPT Information System): Large Vietnamese IT services and digital transformation provider offering eKYC, cloud, AI, and fintech solutions; comparable to HVA's software outsourcing, eKYC, HVA CloudX, and AI service modules but at much larger scale.
• VNPT SmartCloud (VNPT Fintech): State-owned telecom-affiliated provider of cloud, eKYC, and digital identity services in Vietnam; directly comparable to HVA's eKYC and cloud modules for Vietnamese financial institutions.

Direct peers

• Dragon Capital Việt Nam: One of Vietnam's largest independent asset management firms running multi-asset funds for domestic investors; directly comparable to HVA's fund-based multi-channel investment platform in target market and product category.
• SSI Securities Corporation: One of Vietnam's largest securities firms providing brokerage, investment advisory, and asset management; comparable to HVA's investment advisory and multi-channel asset management offerings for Vietnamese investors.
• VinaCapital: Vietnam-focused investment management group operating equity, fixed income, and real estate funds alongside venture and private equity; comparable to HVA's four-fund structure covering Equities, Precious Metals, Properties, and Tech.
• Mirae Asset (Vietnam) Fund Management: Operates open-end and asset management products in Vietnam for retail and institutional investors; directly comparable to HVA's fund management activities in the same Vietnamese market.
• VNDirect Securities Corporation: Major Vietnamese securities and investment platform offering brokerage, asset management, and digital investment tools; comparable to HVA in providing investment access to Vietnamese retail and institutional shareholders.
• ONUS (Onus Chain): Vietnamese blockchain and crypto investment platform that HVA both holds in its portfolio and integrates with via DNPAY; directly comparable as a digital asset platform serving Vietnamese retail users.

Emerging players

• Trustpay JSC: Vietnamese payment and fintech company sharing the same Chairman as HVA; provides QR and e-wallet solutions that overlap with HVA's fintech module and compete for similar enterprise clients.
• HanaGold: Vietnamese gold investment platform in HVA's portfolio and listed as a strategic investment partner; directly comparable to HVA's precious metals investment offering targeting retail Vietnamese investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hvagroupp
• Facebookfacebook.com/hva.group
• LinkedInlinkedin.com/company/hva-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HVA Group