Robust Economy, Optimistic Businesses
In the first 2 months of 2024, the export market showed positive signs due to the growth of orders for key sectors such as computers, electronic products and components, mobile phones and components, machinery, equipment, tools, spare parts, textiles, garments, wood and wood products, footwear, etc.
In agriculture, all major product groups such as seafood, fruits and vegetables, rice, coffee, cashew nuts, etc., experienced robust growth, even double-digit growth.
According to a quick survey by the Ho Chi Minh City Department of Industry and Trade (DOIT), most businesses have export orders, and their expected revenue is projected to increase by 10-30% compared to the same period last year. Although the rate of labor returning to work was over 90% right after Tet, many companies still needed to recruit more employees and mobilize more capital to expand production and business activities.
In addition, the report on the socio-economic situation of Vietnam, in January alone, the country had 13,500 newly established enterprises, up 2.2% compared to the previous month and up 24.8% compared to the same period in 2023. Nearly 13,800 enterprises resumed operation, more than double the number in December 2023 and down 8.4% compared to the same period in 2023, bringing the total number of newly established and reopened enterprises in January 2024 to over 27,300, up 5.5% compared to the same period in 2023.
These positive signals and wide-ranging opportunities from the robust economy in 2024 are driving the high demand for capital from businesses to seize any recovery and growth opportunities, especially in the context of interest rates for loans being considered the most attractive ever.
Mr. Vu Quan, Director of a business specializing in manufacturing and exporting mattresses and carpets, has a need for capital to increase working capital. He shared that due to the difficult economic situation in 2023, weak purchasing power, and high inventory, the working capital was insufficient. He hopes that the additional borrowed capital will boost business prospects in 2024.
Flexible Capital Source for Businesses from Banks
In terms of business development capital support and helping businesses seize opportunities, ACB is one of the pioneering banks in the market, providing many favorable conditions for businesses to easily and quickly disburse loans with preferential and cost-effective interest rates.
ACB’s representative said: “The bank offers credit packages with competitive interest rates in the market, simple procedures, and appraisal processes to meet the capital needs of businesses in many scales and business sectors. Customers can flexibly disburse funds online anytime and access capital easily and quickly.”
In particular, ACB is currently implementing the Green/ Social Credit program with a limit of up to VND 2,000 billion, along with many incentives specifically for businesses in the green list or businesses owned by women, such as green projects, renewable energy, wastewater treatment, sustainable environmental management, pollution prevention, and environmental protection, as well as cost optimization solutions.
From now until March 25, in the program “Tet with ACB: Gifts arrive before you notice,” when businesses receive new disbursement, they will receive a prize code with a chance to become the next owner of a Mercedes C-Class car, 01 9999 gold (3.4 taels/prize), or 03 Visa Debit cards worth VND 100 million.
In the first drawing on February 19, the owner of the special prize, a Mercedes car, and a Visa Debit card worth VND 100 million were both businesses trading with ACB. There are still ample opportunities for many other businesses in the second drawing organized by ACB on April 4, 2024.
In addition, disbursement at the counter from now until June 30, 2024, gives businesses a 100% chance of lucky draw prizes, including an iPhone 15 Pro Max and thousands of other valuable gifts and e-vouchers.
Not only promotions for borrowing customers, just transacting with ACB, businesses have a 100% chance of winning
The periodic lucky draw and lucky draw at the counter in the program “Tet with ACB: Gifts arrive before you notice” are also applicable to businesses participating in savings deposits, guarantees, international payments, opening and using credit or debit cards.
This is the largest promotion program ever at ACB. Just by transacting with ACB, businesses have the opportunity for business growth and 100% chance of winning valuable prizes.
For more details on the program’s rules, please refer to the website https://uudai.acb.com.vn.
