VIETNAM - Japanese funds step up investment in Vietnam

by lexie Tue Feb 07, 2012 5:26 pm

February 7, 2012

Japanese funds step up investment in Vietnam

Japanese investment funds are paying more attention to Vietnamese companies, especially those operating in new growth fields such as medicine and information technology.

According to Japan’s leading economic and financial daily Nikkei, venture fund Dream Incubator Inc. and Orix Corp. are acquiring 31 percent of stake of the Japan-Vietnam Medical Instrument Co., a medical equipment wholesaler in Vietnam, through DI Asian Industrial Fund LP.

Another source said that their first investment in the business is worth 600-800 million yen (77-102 million USD).

DI Asian Industrial Fund LP will appoint a director to the Vietnamese wholesaler's board and help foster partnerships with Japanese medical equipment manufacturers.

Meanwhile, CyberAgent Ventures Inc., a venture capital fund affiliated with CyberAgent Inc., has purchased stock in NCT Corp., which operates Vietnam 's largest music-sharing site, with the aim of expanding its business using CyberAgent's network expertise and technology.

By soliciting additional funds, CyberAgent Ventures Inc. strives to increase its capital to 20 million USD, or around 1.6 billion yen, and step up investment in growing companies in Southeast Asia, especially Vietnam and Indonesia.

http://www.vietfinancenews.com/2012/02/japanese-funds-step-up-investment-in.html#more