Although Cyber Agent Ventures did not reveal the exact amount, it said it is investing heavily in e-commerce in Southeast Asia, with an estimated US$20 million earmarked for Vietnam, Thailand and Indonesia.

Nguyen Manh Dung, chief representative of Cyber Agent in Vietnam and Thailand, said the investment in Bizweb demonstrates the Japanese company’s belief in the economic viability of e-commerce as well as other Internet industries in Vietnam.

Bizewb.vn has achieved high growth since its inception and Cyber Agent Ventures is committed to further expanding its growth in Asia by utilizing all of its available resources to that end, Dung said.

Bizweb.vn officially made its debut in April 2010 and currently has more than 4,000 clients in 30 fields.

It also won third prize in terms of information technology products at the Vietnam Talent Awards.