Hanoi (VNA) – Vietnamese small- and medium-sized enterprises (SMEs)should better their management capacity and business strategies so as to drawcapital from both domestic and foreign investment funds who are holding hundredsof billions of USD, economists have said.

The funds are able to provide SMEs with effective financial solutions, theysaid, elaborating instead of investing in financial tools, they are targeting unlisted companies and listed ones who are planning to withdraw their stocksfrom the market to engage in the firms’ management and business growth.

The funds commit at least five- to ten-year investment, experts said.

Last month, the VietnamChamber of Commerce and Industry received a delegation of 14 world andregion’s leading multi-national investment funds who came to seek investmentopportunities.

Along with large funds such as VinaCapital and Mekong Capital, there is anincreasing number of foreign venture capital funds expressing interest in theVietnamese market.

However, most of the Vietnamese firms have not been well aware of the fundswhile their poor management and foreign language proficiency as well as limited understanding of the financial market’s potential are hindering them in seeking investment, said Tran Thanh Hai, a specialist from Bac A Commercial Joint StockBank.

Besides, the SMEs need to prove their capacity, technology and business vision,according to Hai. Once getting long-term capital from investment funds, theywill have motive to invest in long-term values like digitalisation inmanagement and business and automation in production./.