Investment: IDG Venture Hunting IT Firms in Vietnam

IDG Ventures Vietnam Investment Fund is holding a series of seminars in Vietnam to seek for local information technology enterprises to invest in, the firm said in the latest meeting on September 29. In the meeting, the fund said that the interested IT companies should submit their proposal to IDG Ventures for funding. In recent seminar in Ho Chi Minh City, the fund decided to market its $100 million to invest in informatics technology and hi-tech industries in the country.

Accordingly, it plans to invest $100 million in startup companies, with 35% earmarked for IT and software development, 20% for telecommunications and service infrastructure, 15% for the Internet, 15% for new technologies and 15% for biotechnology. IDG Ventures is an independent partnership making investments on behalf of its limited partner, International Data Group (IDG), the world’s largest IT media company.

Source: Vietnam News Brief Service

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882