Validus Vietnam, the local entity of Singapore’s largest SME financing platform, Validus Capital (Validus), has announced entering into a collaboration with Nafoods Group JSC to provide supply chain financing to Nafoods and the small- and medium-sized enterprises (SMEs) in its ecosystem.
Vietnamese air freight costs are much higher than the regional average and this is believed to be one of the main reasons hindering Vietnam’s fruit exports.
VOV.VN - Nafoods Group has exported the first two tons of passion fruit to France, said the company representative.
Vietnam needs to draw up a strategy to develop a national brand name for food as it is among commodities with great potential and increasing added value.
A wave of local private investments worth billions of dollars is expected to help change Vietnam’s poorly funded agricultural sector.