Busy seeking capital to implement the business plan for the new year
After Lunar New Year, many small traders are busy implementing business plans and seeking capital for business activities in the new year. Moving into 2024, they have high hopes for a positive year with many changes in the overall economic landscape that is recovering. Recent economic indicators show the recovery of the Vietnamese economy: the number of newly established businesses increased by 24.8% in the first month of 2024, foreign investment inflows increased by more than 40%, and international tourists flocking to Vietnam.
Prior to that, many organizations have made promising predictions about Vietnam’s GDP growth, such as Standard Chartered Bank forecasting Vietnam’s GDP growth in 2024 to reach 6.7%, demonstrating positive prospects for economic recovery and sustainable development.
These indicators provide a basis for individuals and business households to confidently and determinedly implement their business expansion plans. Besides their own capital sources, banks are still a priority and easy channel to find the necessary capital to execute development strategies in the new year.
ACB meets comprehensive and attractive capital needs right from the start of the year
Catching on to the capital borrowing needs of individual business households after Lunar New Year, ACB is currently allocating a large capital source for this potential customer file, specifically the Loan Package that ACB has launched to comprehensively meet the capital needs for production and business, including: supplementary working capital loans to purchase goods – materials to serve production and business activities; supplementary regular capital shortage; purchase/ investment in business locations, transportation means, machinery, equipment,…
Especially, Customers can flexibly choose the desired loan amount and loan period that is suitable for their needs, financial capacity, as well as the specific business plans they set. The interest rate for loans is very attractive, starting from 6.5%/year.
ACB also waives the prepayment penalty for customers borrowing capital for business expansion. Specifically, customers can proactively repay the principal without penalty fees when the loan package falls within the supplementary working capital credit limit. Or with medium and long-term loans, customers can repay an additional principal of up to 200 million VND/month. This is an outstanding advantage that many individual business customers are interested in when they have the need and repayment plan, gradually fitting with their business cash flow. This solution also saves considerable costs for customers.
To create favorable conditions for customers to easily access capital, ACB also optimizes loan procedures and processes. Customers can receive loans quickly and flexibly anywhere: at Branches/ Transaction Offices, or even receive online disbursed money on ACB ONE without having to go to the bank.
With the loan advantages from ACB in terms of interest rate, loan amount, and flexible loan period, combined with the policy of not charging prepayment penalties when repaying before the due date,…business owners can completely balance income and expenses and save a considerable amount of costs, easily optimize profits.
ACB’s loan capital meets all forms of diverse business, financial needs of customers, refer to more information at Supplementary Working Capital Loan with competitive interest rates at ACB. Customers can rest assured to implement business plans when the “input” problem has a companion ACB. Currently, ACB offers preferential loan packages with interest rates starting at only 6.5%/year for individual customers borrowing capital for production and business such as supplementary working capital, purchase or construction, repair, decoration, upgrading of houses/business locations; purchase of cars for business operations,…
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