According to economic experts, in Vietnam, domestic and foreign private investment funds are holding hundreds of billions of USD, which can provide effective financial solutions for small and medium enterprises (SMEs). The funds are often present in large deals with corporations worth hundreds of thousands of billions of VND.
The big difference of investment funds is that instead of investing in financial instruments, these funds will target unlisted companies or listed companies that plan to withdraw from the exchange, with the goal of participating in management, business growth and maintaining a minimum investment period of 5 - 10 years. Therefore, this is an opportunity for businesses to find solutions to attract investment from this channel.
According to experts, in addition to some large funds such as VinaCapital or Mekong Capital, the medium-term capital market for SMEs in Vietnam is still relatively potential. A positive signal for SMEs is that more and more foreign investment funds are looking for investment opportunities in Vietnamese enterprises.
At the end of February, the Vietnam Federation of Commerce and Industry (VCCI) received a delegation of 14 leading multinational investment funds from the world and the region to explore investment opportunities.
In order to tap capital from investment funds, Mr. Tran Thanh Hai, Director of Business Center II - Bac A Commercial Joint Stock Bank, recommends that SMEs in Vietnam are still not interested in or aware of these funds, and are still weak in management skills and foreign languages.
"Even communication to seek opportunities is a major weakness of most SMEs in Vietnam. Limited foreign language skills or interest and understanding of the potential of the financial market are still not really high. This prevents the opportunity for direct contact and exchange between foreign investment funds and Vietnamese SMEs, causing them to miss out on opportunities for cooperation and development. Therefore, the riskier investment appetite of investment funds requires businesses to demonstrate their capacity, technology, products or business vision. In return, that strictness can create momentum to promote Vietnamese SMEs to become more professional.
To access capital from investment funds, SMEs must improve their management capacity and business strategy... When they have long-term capital from investment funds, businesses will be motivated to invest in long-term values, such as digitalization in management, business or automation in production...", Mr. Hai emphasized.
According to VNA
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