Giovanni joins Alex Rawlings from the Private Equity Podcast to share insights from operating in Vietnam’s emerging private equity landscape.

In this episode, Giovanni Zangani joins Alex Rawlings to share insights from operating in Vietnam’s emerging private equity landscape. As Managing Partner at Maestro Equity Partners, Giovanni discusses the firm’s hands-on approach to investing in consumer and F&B businesses, the challenges of deal execution in emerging markets, and why local understanding is critical to success.

Vietnam’s food and beverage industry is entering a decisive consolidation phase.

Vietnam’s food and beverage industry is entering a decisive consolidation phase. In the first half of 2025, more than 50,000 F&B outlets closed nationwide, reflecting mounting pressure from rising rents, labour costs and input prices. Yet consumption remains resilient, and the market continues to reward operators with scale, systems and capital.