VinaCapital invest 2 million USD in e-services

All Nippon Airways jetliner takes off from Tokyo's Haneda airport on January 29, 2010. AFP PHOTO

The DFJ VinaCapital Fund on Jan. 28 signed a contract with TS24 Company to become its strategic partner.

The fund will contribute 2 million USD to help the investors improve its data and management systems, and its human resources.

It will also help diversify services, including tax declaration and payments on its Tax Online website.

The company will be able to prepare financial reports and deal with taxes on personal and corporate income, value-added taxes, natural resources and special consumption.

TS24 general director Nguyen Phan Viet Thuy said he was confident in the potential market of more than 10 million individuals with tax codes and another 500,000 enterprises.

It has signed an agreement with the card company with the card company DongA Bank VNBC for taxpayers to use cards issued by DongA Bank and other banks who join its ATM network for online payments.

DFJ VinaCapital, a 32 million USD joint venture between the IT group Draper Fisher Jurvetson and VinaCapital, specializes in making investments in the internet, telecommunications and media businesses.

Apart from this fund, VinaCapital also manages three others, the Vietnam Opportunity Fund (VOF), VinaLand Ltd (VNL) and Vietnam Infrastructure (VNI), which are listed at the Alternative Investment Market (AIM) of the London Stock Exchange.

Source: Vietnam News Agency

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