IDG Ventures keen on IT firms

IDG Ventures Vietnam plans to invest its total capital of US$100 million in information technology companies in the country over the next five to seven years. IDG Ventures Vietnam general director Nguyen Bao Hoang told IT companies yesterday at the Saigon Times Club that 35% of the money would go to information communication technology and software and 20% to telecommunication infrastructure and services. IDG Ventures Vietnam will divide the rest equally between the three fields of industrial manufacturing, biotechnology, and Internet, online training and e-commerce. Hoang said the organization wanted all investment to benefit both sides.

Source: The Saigon Times Daily

For more information, please contact:
Howard Sholkin
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