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FPT gains a wealth of foreign experience: Texas Pacific Group (TPG) and Intel Capital last week pumped $36.5 million to acquire 10 per cent of Corporation for Financing and Promoting Technology (FPT), becoming the strategic partners of Vietnam's leading IT firm. Timothy D. Dattels, managing director of TPG Newbridge, TPG's investment arm in Asia, explained the move to VIR's Trang Anh.

Publication: Vietnam Investment Review
Publication Date: 30-OCT-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: FPT gains a wealth of foreign experience: Texas Pacific Group (TPG) and Intel Capital last week pumped $36.5 million to acquire 10 per cent of Corporation for Financing and Promoting Technology (FPT), becoming the strategic partners of Vietnam's leading IT firm. Timothy D. Dattels, managing director of TPG Newbridge, TPG's investment arm in Asia, explained the move to VIR's Trang Anh.(EXECUTIVE TALK)(Interview)

Article Excerpt
Why does TPG invest in FPT?

Vietnam's economy is growing at the world's second highest rate after China. The IT sector, in particular, is booming. Ten years ago, when I came to Hanoi, it was hard to get an [internet] connection, today there are 13 million internet users. This company [FPT] is right at the heart of what is happening in the country and has excellent management and strong employee ownership. So we are excited about being a partner.

Do you see FPT's leading position in Vietnam's IT sector as a key factor behind your in vestment decision?

I think in...

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