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Ms. Truong Ly Hoang Phi

Ms. Truong Ly Hoang Phi

Founder of BSSC; Chairwoman & CEO of Investment Business Partners (IBP)

Ms. Truong Ly Hoang Phi has been a key player in the Vietnam innovation ecosystem. She was among the pioneers who kickstarted the whole ecosystem with the foundation of BSSC – Business Startup Support Center, the very first startup incubator in 2010.

Ms. Phi Truong has grown BSSC into the top startup incubator and accelerator, well recognized not only in Vietnam and but also across Southeast Asia and Asia. BSSC’s top program – Startup Wheel opens for both VN and international startups, attracting a record number of 2,000+ startup applicants every year. 

In the venture’s world, Ms. Phi is well-known as Shark Phi since her appearance on Shark Tank Vietnam, season 1. She has also been very active in shaping startup policies at national and provincial level. She’s one of the key members behind a number of foundational startup programmes of Vietnam and HCMC, including Vietnam’s Ventures Investment Regulations, Vietnam’s SMEs Law.

In 2018, Ms Phi Truong was sought out by Vingroup – the largest conglomerate in Vietnam, to lead the newly founded VinTech City with the mission to advance the national ecosystem of tech research and startups. One of its programmes, VinTech City Fund is the first R&D grant from a private company in Vietnam for creating innovative tech products from research. 

Since 2020, Ms Phi Truong has started her new venture called Investment and Business Partners (IBP). IBP pioneers in designing and implementing innovation programs for large corporations in Vietnam. IBP also invests in and becomes strategic partner of startups and SMEs to help them grow sustainably.