Businesses seek broader access to capital
Alongside financial market reforms, improving businesses’ ability to access and effectively use capital is essential to turning financial resources into sustainable economic growth.
Businesses across Vietnam are seeking greater access to capital to facilitate sustainable economic growth. Statistics from the Ministry of Finance reveal that total realized social investment reached VND2.13 quadrillion ($83.4 billion) during the first seven months of 2026, a 13.1 percent increase compared to the same period the previous year.
The non-state sector contributed the largest share, accounting for VND1.14 quadrillion ($44.7 billion), or 53.7 percent. However, the private sector still faces significant challenges in accessing medium- and long-term capital, with high borrowing costs placing pressure on businesses and limiting expansion.
Experts highlight that businesses worldwide have broader access to funding sources such as investment, credit, pension, green financing, and development financial institutions, which offer lower-cost capital to businesses adhering to governance and transparency standards. This enables businesses to tailor their funding to different stages of development and attract stronger international capital flows, ultimately reducing financing costs and enhancing competitiveness.
In Vietnam, businesses encounter obstacles in accessing capital and implementing digital transformation due to a shortage of skilled personnel, high investment costs, and a lack of solutions tailored to businesses of varying sizes. To overcome these challenges, officials propose the development of micro-credit guarantee funds, changes to credit assessment methods focusing on cash flow and business performance, and enhanced digitalization and data sharing among government agencies.
Adopting sustainable practices, such as corporate governance improvements, financial transparency, and green transformation, is crucial for businesses to gain access to new sources of capital at more competitive costs. An example is New Era Cold Storage Joint Stock Company, which secured green financing from Nam A Bank at lower interest rates and invested in an automated cold-storage system, resulting in reduced energy consumption, CO2 emissions, and labor costs. However, stringent standards for green financing pose a barrier for many businesses.
To expand access to green financing, experts recommend developing green supply-chain financing models and studying the establishment of a centralized trading platform for green bonds and carbon credits. These measures aim to improve liquidity, enhance transaction transparency, and create additional fundraising channels for green transformation projects.
Ultimately, long-term business success hinges on decisive innovation, increased investment in research and development, artificial intelligence, digital transformation, and green transformation.
Written by urgent.news from SGGP English Edition Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
