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5I2 CAPITAL

Bridging Belgium
and Vietnam through

impactful investment.

An investment firm connecting global expertise and capital to transformative opportunities in Vietnam, focused on long-term growth, sustainability, and measurable social impact.

THE COMPANY

5I2 Capital

INVESTMENT MANAGER

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5I2 Capital derives its name from the coordinates bridging Belgium and Vietnam; 51°N and 21°N. As a cross-border investment firm, we connect global expertise with strategic capital to unlock transformative opportunities. Our mission is to catalyse long-term growth, foster innovation, and build a sustainable future across markets.

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Our funds

OUR FUNDS

INVESTMENT FUND

Aquitara Impact
Fund I

Managed by 5I2 Capital

Aquitara Impact Fund I (AIFI) is the first fund launched by 5I2 capital, with the goal to remediate Agent Orange contaminated land, develop Eco-Industrial Parks powered by renewable energy and donate micro- convenience stores to Agent Orange Victims. AIFI turns environmental liabilities into sustainable assets. By utilizing Vietnam’s legal frameworks connecting land-use rights to remediation, we transform the cost of cleaning Agent Orange contaminated sites into long-term economic infrastructure.

PHILANTHROPIC FUND

Aquitara Philanthrophic Fund
Managed by the King Baudouin Foundation

Aquitara Philantrophic Fund is a philanthropic initiative committed to restoring dignity, opportunity, and hope for families affected by Agent Orange. Guided by compassion and long-term vision, we work alongside local partners to uplift vulnerable communities. Through livelihood programs, community support, and sustainable development, we strive to create real and lasting change.

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LATEST MILESTONE  · FEBRUARY 2026

Full endorsement by the Vietnamese Prime Minister

Prime Minister of Vietnam gave AIFI's three-pillar model his full endorsement, the first and only investment model of its kind to receive Vietnamese government validation. AO remediation now framed within the VN-EU Comprehensive Strategic Partnership.

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Our approach

STRATEGY & STRUCTURE

Our Approach

AIFI activates Vietnam's legal framework linking environmental remediation to land-use rights, converting the cost of cleaning Agent Orange contaminated land into sustainable economic infrastructure.

Agent Orange Remediation

Funding thermal desorption remediation of TCDD (dioxin)-contaminated land in designated provinces, in exclusive partnership with Haemers Technologies, the only provider with a validated proof of concept in Vietnam, achieving over 99% efficacy and no waste.

An Vui Mart Social Enterprises

Donating micro-convenience stores to Agent Orange-affected families, in collaboration with VAVA. Three pilot stores operational since July 2025, providing families a path to self-sufficiency and economic dignity.

Eco-Industrial Park Development

Developing solar-powered Eco-Industrial Parks in the Northern Part of Vietnam, in one the country's fastest-growing industrial corridors, delivering investment-ready land to factory and warehouse developers.

Belgium-Vietnam Bilateral Context

Our work sits at the intersection of Belgian and Vietnamese government priorities. The Belgian Parliament adopted the world's first AO support resolution in 2023. Post-war legacy issues, including AO is now framed within the VN-EU Comprehensive Strategic Partnership.

KEY PARTNERS

Built on trusted partnerships

We work with a carefully selected group of partners, each bringing execution capacity, market access, and deep sector expertise in their respective fields. These relationships have been built over years of sustained engagement and are central to the fund's credibility and operational delivery.

Haemers

Technologies

Exclusive remediation technology partner · Validated AO proof of concept

Savills

Vietnam

Industrial property · Market intelligence & land sales

VAVA

Vietnam

Social impact partner · An Vui Mart & impact monitoring

MB Bank

Vietnam

Banking & finance · Debt financing partner

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Viettel Construction

Corporation

Construction & infrastructure · EIP development partner

King Baudouin Foundation

Philanthropic partner · Manages the Aquitara Philanthropic Fund

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Team

MEET THE TEAM

Deep roots in Belgium and Vietnam

Team with complementary expertise across impact investment, renewable energy, legal, and operations, united by a shared commitment to building lasting value at the intersection of Belgium and Vietnam

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Franc Bogovic
Partner
Brussels, Belgium

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Hoang Nguyen Le

Partner
Hanoi, Vietnam

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Elisabeth Leysen
Partner
Ho Chi Minh City, Vietnam

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Moustafa El-Baqqaly
Partner
London, United Kingdom

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Nicolas De Clercq
Legal Counsel

Singapore

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Kien Khong Trung
Project Manager

Hanoi, Vietnam

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Do Minh Tung
Aquitara Philanthropic Fund

Hanoi, Vietnam

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