• Media

IDG Ventures Continues To Invest In 3 Companies In Vietnam

Date: Apr 17th, 2007

The amount of capital has not been revealed.

The new IDGVV-invested companies are Cyworld Vietnam, 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 Vietnam’s IT industry through its investments into businesses that incorporate creative and diverse technologies.

IDG Ventures Vietnam-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.

IDG Ventures Vietnam, which established in Vietnam in March 2003, has poured 20 million USD into 14 Vietnamese companies to date.