IDG Ventures Opens Office in Hanoi

IDG Ventures Opens Office in Hanoi

On June 1, 2005, IDG Ventures Vietnam officially opened its office at 191 Ba Trieu, Hanoi. It will start IDG investment activities in Northern provinces. On the same occasion, IDG Ventures Vietnam has announced the investment in two companies: VinaGame and Vietnam Works.com/Navigos Group.

IDG Ventures is a global venture investment fund with investment capital of some US$700 million and has invested over US$125 million in 125 companies in the past 12 years. In addition to investment, IDG also contributes to the development of education and science in Vietnam.

• B.T