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Access to credit is still one of the greatest obstacles to the growth of small and medium-sized enterprises (SMEs) in Vietnam, where only 39% of the SMEs have bank loans.

“Vietnam is an example of a market where you can still buy Digiworld — which grew its profit after tax by 55% in the first half of 2020 over the past year.”

The country’s tech startups are extremely innovative, but is bogged down by a lack of homegrown talent and investors.

The report also found that the COVID-19 pandemic has altered consumer spending on smartphones, with more turning to low- to mid-range devices that offer more value for money.

Users can earn rewards worth up to USD 280 through LumiHealth, a health initiative that requires an Apple Watch and app download.

The factory, which has been under development for three years, is now able to produce small-batch orders at reasonable costs and with shorter delivery times for apparel makers.

The Beacon fund believes that venture debt answers the funding problem commonly faced by female entrepreneurs.

Airmeet competes with Zoom, as well as a handful of homegrown startups such as Floor, Say Namaste, KL Meet, and Reliance’s new venture JioMeet.