Assess to finance for SMEs in Vietnam in the context of Industrial revolution 4.0

Abstract

Industrial revolution 4.0 is considered a catalyst to support small and medium enterprises to improve their financial capacities and more importantly, to open up many different channels of access to capital on a digital technology platform such as supply chain financing, peer-to-peer lending or crowdfunding. This study clarifies the content of SME capital access in the context of Industrial revolution 4.0 from two perspectives: capital supply and demand on the basis of theoretical framework and practical analysis in Vietnam. The research results show that although technologybased non-traditional capital mobilization channels bring a lot of conveniences to SMEs as well as financial institutions, in Vietnam, these mobilization channels have not yet developed and SMEs themselves are not really ready to approach and strongly apply technology in their business activities.