Validus Vietnam secures fresh funding to enhance SME financing
New investment expected to support company in providing financial solutions for underserved SMEs in Vietnam.
Joint venture established to provide financial solutions to SMEs
Validus Vietnam, the TTC Group, and venture capital fund Do Ventures have announced a joint venture with the goal of promoting comprehensive financial solutions for small and medium-sized enterprises (SMEs) in Vietnam. According to the World Bank, shortages of capital are increasingly serious for Vietnamese SMEs. About half have a cash flow of fewer than three months and more than 60 per cent have difficulties accessing credit.