Japanese venture capital funds eye Vietnam

Update: 30-06-2014 | 00:48:51
Japan’s venture capital funds are paying increasingly more attention to Vietnamese businesses, particularly in the fields of medicine and information technology, according to Japan’s leading business daily The Nikkei. Recently, Dream Incubator (DI) Inc and the Orix Group bought 31 percent of the shares in the Japan Vietnam Medical Instrument Co. Ltd, through the DI Asian Industrial Fund LP.They were said to pour JPY600-800 million into this joint venture company as their initial investment.As scheduled, the DI Asian Industrial Fund LP will appoint the director of the Japan Vietnam Medical Instrument Company’s executive board and help strengthen the partnership between the company and Japan’s medical instrument businesses.Meanwhile, CyberAgent Ventures Inc bought shares in Vietnam’s NCT Corporation, Vietnam’s largest music website administrator, to help it broaden its operations.CyberAgent Ventures Inc is aiming to raise its investment capital to JPY1.6 billion and increase investment in growing companies in Southeast Asia, particularly in Vietnam and Indonesia.VOV
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