According to the program’s information, businesses engaged in import-export activities within the past 6 months up to the proposed loan date, with at least 2 years of experience in the business sector, will meet the eligibility criteria to enjoy the benefits with an interest rate of only 7.5% per year at PVcomBank. This applies to a diverse range of customers involved in import-export activities such as rice, meat, seafood, coffee, agricultural products, handicrafts, as well as importing beverages, home appliances, electronics, cosmetics, petroleum, and construction materials.
Export-import businesses can borrow capital at PVcomBank with an interest rate as low as 7.5% per year.
|
As the owner of a furniture trading company, Mrs. Hoang Anh (Ba Dinh, Hanoi) regularly has the need for capital to import new types of goods and new designs. She shared, “PVcomBank’s credit package not only offers favorable interest rates, making it easy for businesses to access capital, but also offers early loan repayment fee waiver and preferential exchange rates, suitable for flexible business models like mine. In addition, businesses also benefit from the convenience of international transactions, payments, and international money transfers.”
It is known that the payment incentives Mrs. Hoang Anh mentioned are part of PVcomBank’s promotion program for international money transfer services for customers in the field of trade finance and import-export, taking place until the end of June 30, 2024. Import-export businesses using international payment services will enjoy free money transfers for the first 3 international transactions and a 50% reduction in fees for subsequent transactions provided by PVcomBank. For domestic payment services, PVcomBank also offers a 50% reduction in fees for cash transactions, domestic money transfers, and counting fees. This promotion is applicable to new customers without CIF at PVcomBank who open an account and have at least 1 international payment transaction during the program period. In addition, businesses also receive a free attractive payment account (VND or USD) from the bank.
For organizations in the field of trade finance, PVcomBank applies a 50% reduction in fees for Export Letter of Credit, Import Letter of Credit, Export Collection, Import Collection, Export CAD, and Import CDA on “golden days” every Wednesday.
 The import-export market is expected to strongly recover in 2024.
|
A representative from PVcomBank emphasized, “In the second half of 2023 and entering the beginning of 2024, the import-export market has become vibrant again, with positive growth recorded by businesses in various sectors. With the goal of supporting organizations to have access to stable financial resources, meet the development needs of the domestic and international markets, PVcomBank proactively implements a credit package worth 2,000 billion VND along with many preferential policies regarding interest rates and exchange rates. It is hoped that this will help businesses solve the capital problem, provide a necessary foundation to seize business opportunities, expand market share, and increase sales.”
According to the bank representative, PVcomBank currently offers additional international money transfer solutions in the form of “combo” packages, based on value (BizBlock) or time (BizMax3612), helping businesses easily save operational costs and effectively manage cash flow in the current period. Additionally, PVcomBank continues to digitalize many processes related to procedures, documents, etc., which also contributes to providing conditions for organizations to quickly access suitable financial products and services according to their needs.
