Vietnam is ready for Web 2.0?

VCs are seeking Vietnamese Web 2.0 Startups

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Thursday, March 1. 2007

Vietnam is ready for Web 2.0?

Reading recently James Seng’s post about Web 2.0 in Singapore and Spannerworks Web 2.0 taking off in China, I think it is time for Vietnam to start Web 2.0 services. Here are the reasons.
1) Vietnam is a large market.
Population of more than 85 millions (about one third from 15 to 30 years old) and nearly 15 millions internet users. Some Vietnamese websites reach high rank with Alexa. Online games are so popu lar with Vietnamese youngsters. Vietnam could become the n ext China or India.
2) Available funding for Web 2.0
IDG Ventures Vietnam is willing to invest into Web 2.0 start-ups with big portion of $100 million fund. FPT Capital is looking for partners who can manage portfolio of Web 2.0 services. Other VC funds are setting up to grasp this potential market.
3) HR 2.0
There are not many Web 2.0 visionaries in Vietnam like in other countries but the pool of web developing talents is available enough for Web 2.0 services. Some young designers can work with leading Hollywood studios.
Posted by Jason at 02:58 | Comments (0) | Trackbacks (0)
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