SMEs account for 90% of business in Vietnam, yet only 25% have access to a formal source of financing. Access to funding, especially long-term funding, is the main obstacles for the Vietnamese SMEs.
- Region: Asia & Pacific
- Country: Vietnam
- Sector: Banking
- Year: 2011
- Domicile: Vietnam
- Commitment (MNOK) as of 31.12.2016: 1
- Original Commitment (MNOK): 87.1
Norfund’s investment in Techcombank helps to alleviate the severe needs for SME financing, diversify the bank’s funding base and support the bank’s ambitious SME-based expansion plan.