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IDG to expand business and investment in Vietnam

VietNamNet Bridge – The International Data Group (IDG) is keen on helping develop the information technology skills of young Vietnamese workers and will invest around US$ 1 billion in Vietnam by 2010, IDG President Patrick McGovern said.

In the early 90s, IDG came to Vietnam and launched the IDG Ventures Fund. Since then it has poured US$ 100 million of its investment capital into sixteen young information technology enterprises, helping them to expand their business and production.

According to Mr. McGovern, although IDG already has many branches and offices in 85 nations and regions, the corporation always retains great interest in Vietnam, a country with a great potential for software export.

Vietnam has a very dynamic young generation who are extremely interested in modern information technology and most importantly, have a good sense of business, he said.

Mr. McGovern also praised the Vietnamese Government for its policy in giving priority to the youth’s education and training.

To help the Vietnamese youth in their approach to modern technology, Mr. McGovern has proposed that IDG establish and publish a Vietnamese language IT newspaper.

Deputy Prime Minister Nguyen Sinh Hung held a meeting in Ha Noi yesterday to welcome Mr. McGovern on his visit to Vietnam.

Deputy Prime Minister Nguyen Sinh Hung expressed his appreciation of IDG’s efforts in helping strengthen bilateral relations between Vietnam and the U.S. and hopes IDG will carry out further investment plans in Vietnam, continuing to help the country develop its information technology skills. Vietnam always welcomes IDG to settle its business in the country and hopes that they will help connect domestic enterprises with those of overseas Vietnamese in the U.S., he stressed.