IDG to Expand Business and Investment in Viet Nam

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 Viet Nam by 2010, IDG President Patrick McGovern said.

IDG representatives and Vietnamese businessmen in a conference

In the early 90s, IDG came to Viet Nam 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 Viet Nam, a country with a great potential for software export.

Viet Nam 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 Viet Nam.

Deputy Prime Minister Nguyen Sinh Hung expressed his appreciation of IDG’s efforts in helping strengthen bilateral relations between Viet Nam and the U.S. and hopes IDG will carry out further investment plans in Viet Nam, continuing to help the country develop its information technology skills. Viet Nam 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.

Source VNA – Translated by Khanh Hong

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