• IDGVV Press Releases

SPV receives investment from IDG Ventures Vietnam

Ho Chi Minh City, March 12th, 2008

We are happy to announce the investment of IDG Ventures Vietnam in San Pham Viet Joint Stock company (SPV) (www.vietnamb2b.com).

“We are very pleased to have IDG as an investor as well as a strategic partner. The funding will assist us in upgrading our infrastructure, building and developing further services for competitiveness, and bringing better support to our clients” said Mr. Huynh Van Chuong, Chairman of SPV.” He added  “Our target is to buid the www.vietnamb2b.com website into the leading online B2B Trading platform in Viet Nam.”

Explaining the reason behind the investment into SPV, Mr. Rachan Reddy – General Director of IDG Ventures Vietnam said, “E-commerce in general is not something new in Vietnam. At IDG, we have invested in a couple of e-commerce companies such as PeaceSoft, which runs chodientu.com and DreamViet with aha.vn. SPV is different from PeaceSoft and DreamViet in that SPV chooses B2B as its focus. We highly respect the SPV management’s vision and leadership as well as their business plan. In addition, the sales team’s efficiency will carve the way for SPV in the market. With the investment into San Pham Viet Joint Stock Company, IDG Ventures Vietnam is confident that the company will provide Vietnamese enterprises with a excellent partern to facilitate business, not only in the local market, but also in the international market via the b2b e-commerce platform www.vietnamb2b.com.”
Another important partner of SPV is the Asia Company Profile (ACP) which specializes in legal authentication and verification globally.  It tracks the operation of business entities worldwide which make online trading transactions. The www.vietnamb2b.com website is the only partner of ACP in Viet Nam. ACP also associates with other large B2B websites in the world such as www.alibaba.com and www.ec21.com.

Information about


Our www.vietnamb2b.com offers an online B2B trading platform for domestic and international  enterprises of small and medium size. After a year of operation, there are more than 20,000 members making business transaction on the www.vietnamb2b.com website. Among them, Viet Nam business entities account for more than 60%, while the others come from 60 countries around the world. At the same time, www.vietnamb2b.com has brought more than 40,000 business opportunities to its members. SPV ‘s customer support and international relations staff, who look for buying information and potential importers, will support the members and assist them in expanding their business markets internationally. By participating in this online trading platform, Business entities will have more chances to increase their business opportunities during this era of global integration.

For further information, please contact:
Mr. Nguyen Ngoc Cuong
Business Development Director
7/1 Thanh Thai, Hoang Anh Safomec Building
6th Floor, Suit 610
Dist 10,HCMC,
Fone: (84 8) 8669505
Fax: (84 8) 8669550
E-mail: cuong.nguyen@spv.vn