“SHB Supports Vietnam’s Rice Industry: Flexible Financial Solutions for Businesses”
SHB’s products not only help businesses seize market opportunities and enhance their competitiveness but also contribute to ensuring food security, promoting agricultural economic development, and aligning with the government’s priority of channeling credit to the agriculture and rural sectors.
Rice is one of Vietnam’s key export industries, contributing to the country’s trade and ensuring domestic food security. With global market fluctuations, the need for capital to expand production, optimize the supply chain, and develop the rice industry has become imperative. Understanding this, SHB offers flexible financial solutions to help businesses navigate these challenges.
SHB provides credit of up to 100% of invoice value, enabling businesses to accelerate their cash flow, maintain stable finances, and take charge of their operations. The bank offers a range of loan packages tailored to diverse financial needs, including working capital, rice stockpiling, pre-export financing, and export financing through L/C and T/T. This empowers businesses to expand their scale and reach international markets. Moreover, streamlined disbursement processes ensure quick access to funds within 24-48 working hours after completing the necessary paperwork, guaranteeing timely and flexible production and business operations.
One of the product’s unique features is its flexible collateral policy, making it easier for businesses to secure funding. SHB accepts various types of collateral, including paddy fields with a loan-to-value ratio of up to 80%, receivables (existing or future), and inventory with a flexible management approach. This allows businesses to maximize their resources without facing overwhelming financial pressure.
A spokesperson from SHB shared: “As one of the pioneering banks in supporting the government’s economic initiatives, SHB is committed to channeling capital to sectors aligned with the government and the State Bank of Vietnam’s directions, including agriculture. The rice industry plays a crucial role in the economy and is vital for food security and enhancing Vietnam’s export strength. We believe that with our flexible financial solutions, rice businesses will have the necessary resources to expand their operations, optimize their supply chains, and enhance their brand value in the international market.”
In addition to its rice industry financing, SHB continues to develop specialized financial solutions for other key economic sectors, ranging from industry, commerce, and services to renewable energy, contributing to the sustainable development of the national economy. The bank also offers preferential credit programs and customized products/services that cater to the unique needs of its clients. Through these initiatives, SHB accompanies businesses in enhancing operational efficiency, optimizing resources, and sustainably expanding their markets.
With its strong financial foundation, extensive network, market expertise, and position as one of the TOP 5 largest joint-stock commercial banks in Vietnam, SHB is dedicated to providing superior financial solutions and supporting businesses through each stage of their growth.
During the 2024-2028 period, SHB is implementing a comprehensive Transformation Strategy based on four pillars: Reform of mechanisms, policies, regulations, and processes; People-centric approach; Customer and market-centric focus; and IT modernization and digital transformation. The bank remains steadfast in its commitment to six core cultural values: “Heart – Trust – Faith – Wisdom – Intelligence – Vision.”
SHB aims to become the TOP 1 bank in terms of efficiency, the most favored digital bank, and the best retail bank, while also being a leading provider of capital, financial products, and services to strategic private and state-owned enterprises with supply chains, value chains, and ecosystems, fostering green development.
For more information about SHB’s products and services, customers can contact the 24/7 Customer Service Center at *6688 or visit any SHB branch or transaction office nationwide.
– 09:33 14/05/2025
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