Swedfund invests $15 million in Excelsior Capital Vietnam Fund II

Sweden invests 15$ million in Vietnamese business growth fund

Swedfund, the Swedish government’s development finance institution, has invested 15$ million in a new fund that supports growing businesses in Vietnam. The fund, called Excelsior Capital Vietnam Fund II, focuses … The post Sweden invests 15$ million in Vietnamese business growth fund appeared first on Scandasia.

Swedfund invests $15 million in Excelsior Capital Vietnam Fund II

Vietnam has made strong progress in reducing poverty and growing its economy. However, it still faces challenges, including the need for more funding to build infrastructure, support small businesses, and ensure increased access to financial and other services. The Vietnamese banking system is still in an early stage of development with limited long-term financing capabilities, especially for small- and medium-sized enterprises (SMEs). The young…

Swedfund invests $15M in Excelsior Capital Vietnam Fund II to boost SME growth

Sweden’s development finance institution Swedfund said Monday it is investing $15 million in Excelsior Capital Vietnam Fund II to boost Vietnamese private sector development and growth, and thereby job creation. The fund said in a statement that Excelsior II provides growth capital to mid-sized companies and will contribute to job creation in sectors like retail, manufacturing, healthcare, education and tech. As a fund aligned with the 2X Challe…