Business Loan Demand Soars
2024 is predicted to be a year of economic prosperity. This forecast is considered to be on track to become a reality as positive signals from businesses have emerged right from the start of the year. Specifically, the number of newly established and re-entered businesses has surged. According to statistics from the Ministry of Planning and Investment, nearly 14,000 new businesses were established in January 2024, an increase of 24.8% compared to the same period last year. The number of businesses joining and re-entering the market reached more than 27,000, an increase of 1.3 times the average level of the 2018-2023 period.
In addition, public investment activities are being vigorously promoted, with significant impacts expected on industry groups such as construction – infrastructure, construction materials, logistics; industrial real estate, etc. This is also the motivation for businesses to expand and reproduce their operations.
Meanwhile, FDI capital inflows are continuing to surge into Vietnam, which is also a positive signal for the economic landscape. As of February 20, statistics from the Ministry of Planning and Investment showed that total FDI capital reached over $4.29 billion, an increase of 38.6% compared to the same period in 2023.
Together with the aforementioned analysis and data published by some banks, the number of businesses interested in credit packages has surged in early 2024. These businesses are seeking loans with preferential interest rates and good support policies from reputable financial institutions in order to be ready to seize major opportunities in such a positive context.
Mr. Tran Manh Thang, director of a construction company, shared that they are currently in the process of applying for preferential loans at ACB to boost bidding and invest in new projects. Because of the large capital needs and the need for quick disbursement right after the Lunar New Year, Thang’s company opted for ACB’s online disbursement. Another reason why the company chose this loan package is because of the favorable interest rates, prepayment policies, as well as special gratitude gifts.
Similarly, Ms. Bui Minh Hue, CEO of a natural cosmetics company, is being advised on preferential loan packages specifically designed for women-led businesses. The criteria she mentioned include a large online disbursement based on the business plan, simple procedures, and other preferential policies. This female CEO revealed that she is leaning towards a loan package for customers in ACB’s green category.
ACB Accompanies Businesses with Preferential Loan Packages
Ahead of the production and business needs and the restart of businesses in the context of a thriving economy, ACB bank has allocated abundant credit resources for businesses, with a special focus on small and medium-sized enterprises.
The credit packages offered by this bank are evaluated to closely meet the actual needs, creating favorable conditions for businesses to easily access loans. This continues to demonstrate ACB’s pioneering role in supporting businesses in overcoming all difficulties with the most competitive products and services on the market, with various forms of lending to meet the diverse scale and sectors of businesses.
Since the beginning of the year, the bank has launched a credit package of up to VND 2,000 billion targeting businesses in the green/social categories.
This is one of the new ESG-factor products that ACB has introduced as part of its sustainable development business activities, with ESG as the shaping development goal. In addition to offering attractive interest rates, ACB also simplifies procedures, evaluation processes, and provides a range of fee incentives when combined with Online Disbursement products. Customers can flexibly disburse funds anytime without having to go to a counter.
Choosing the right credit product will optimize costs and provide a competitive advantage
For businesses in the construction sector, ACB designs a comprehensive loan structure solution, including guarantee commitments, credit arrangements, etc., with a funding ratio of up to 80% of the contract value and a reserve deposit guarantee fee starting from 0%.
For commercial businesses of products such as plastic beads, steel, complete automobiles, ACB offers flexible and competitive financial solutions based on the funded imported/domestic batches, with a loan capital structure of up to 80% of the batch value.
For businesses involved in importing or paying by letter of credit (L/C) for domestic suppliers, the L/C-based capital financing solution is a priority choice with outstanding features such as simple and quick procedures, competitive fees, and various security forms.
In addition, businesses will have the opportunity to receive “great” prizes such as a Mercedes car, 9999 gold, or a 100 million VND debit visa card. Specifically, for any new disbursement during the period from February 8th to March 25th, 2024, businesses will receive a periodic lucky number to have the opportunity to become the next owner of attractive prizes in the second draw on April 4th, 2024.
Furthermore, from January 15th to June 30th, 2024, with new disbursements at the counter, customers will have a 100% chance of winning prizes online, including 03 Iphone 15 Pro Max and thousands of attractive daily prizes. For details on the terms and conditions, please refer to: https://uudai.acb.com.vn/
ACB has become the top choice for businesses in need of funding, offering loan products specific to various sectors. Moreover, with attractive interest rates and easy loan procedures from ACB, businesses can fully trust the source of capital for production and business activities.
