TLDR
Key Points:
- SMEs in Vietnam should improve management capacity and business strategies to attract venture capital
- Foreign investment funds are interested in the Vietnamese market
Economists are advising small- and medium-sized enterprises (SMEs) in Vietnam to enhance their management capacity and business strategies in order to attract capital from domestic and foreign investment funds. These funds hold hundreds of billions of USD and are willing to provide SMEs with financial solutions, targeting both listed and unlisted companies. Most of the Vietnamese firms are not fully aware of these opportunities due to limited financial market understanding, poor management, and language proficiency. Tran Thanh Hai, a specialist from Bac A Commercial Joint Stock Bank, highlighted the importance of SMEs proving their capacity, technology, and business vision to secure long-term investments.
Foreign venture capital funds, including VinaCapital and Mekong Capital, have shown interest in the market, but Vietnamese companies need to improve their awareness of these funds. By receiving long-term capital from investment funds, SMEs will have the motivation to invest in digitalisation, automation, and other long-term values for their business growth and development.
