US venture funds opens rep. office in HCMC
A US$100-million venture capital fund officially opened its representative office in Ho Chi Minh City on Mar. 25 to commence operations in southern Vietnam.
At the opening ceremony, IDG Ventures Vietnam, a subsidiary of the US International Data Group, the world’s leading technology, media, research and event firm, said it has invested into two Vietnamese software companies, PeaceSoft and iSphere.
PeaceSoft and iSphere, both based in capital Hanoi, are two dynamic companies with qualified staff, said Nguyen Bao Hoang, IDG Ventures Vietnam chief executive.
PeaceSoft, which was set up in 2001, has shown enormous potential in electronic trading in Vietnam, while iSphere, established last year, is a strong business software developer, IDG Ventures Vietnam officials said.
Reported by Mai Phuong – Translated by Hieu Trung.
Story from Thanh Nien News
Published: 25 March, 2005, 23:20:26 (GMT+7)
Copyright Thanh Nien News
