IDG Ventures Viet Nam (IDGVV), the first risk investment fund specialising in Viet Nam's IT industry, has announced its investment into three Vietnamese IT companies.
The new IDGVV-invested companies are Cyworld Viet Nam, Vinapay and the Yeu Am Nhac joint stock company.
The Vietnamese branch of the US based fund management firm, targets opportunities to accelerate the growth and development of Viet Nam's IT industry through its investments into businesses that incorporate creative and diverse technologies.
IDGVV-invested companies are required to have a thorough understanding of the market place that they operate in as well as consumer trends and tastes. They are also required to have products or services that have the potential to maximise high profit to return ratios and are flexible enough to adapt to rapid changes in the market.
IDGVV, which entered Viet Nam in March 2003, has poured 20 million USD into 14 Vietnamese companies to date.
Source: VNA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment