Lightspeed Venture Partners focuses on Indonesia, Singapore, and Vietnam, looking for tech companies in edtech, fintech, and those helping SMEs go digital.
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 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.
