“SHB Launches Credit Package to Support Automotive Supply Chain”
The credit package offers loan limits of up to 90% of capital requirements and a maximum loan term of nine months. SHB provides loans in VND or foreign currencies, adopting either a loan-by-loan or credit limit approach to meet the diverse needs of businesses.
A standout feature of this credit package is the flexibility it offers in terms of loan collateral. Businesses can secure their loans with receivables from Kim Long Motor, eliminating the need for fixed asset collateral. This ensures easy access to capital and aligns with the unique operational requirements and cash flow dynamics of the automotive industry.
“Our goal is not just to provide timely financial support, but to empower suppliers and help them take charge of their production plans,” said a representative from SHB. “By reducing financial pressure, we believe we can foster better collaboration within the supply chain and support the growth of Kim Long Motor, a company that is committed to elevating the standards of domestic automobiles.”
SHB provides up to 90% capital funding for Kim Long Motor’s suppliers
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This supply chain support initiative is aligned with SHB’s strategic direction to foster tripartite collaboration between “bank – supplier – core enterprise.” By strengthening these connections, SHB aims to contribute to the financial resilience of Vietnam’s automotive industry while adhering to the Party and State’s guidelines. This includes implementing Resolution 68 to promote the development of the private economic sector and support domestic enterprises.
Recently, SHB introduced an exceptional loan program for businesses looking to purchase vehicles from Kim Long Motor. The program offers competitive market rates, streamlined documentation, and financing of up to 85% of the vehicle’s value, with a maximum loan term of 72 months. Collateral is provided in the form of the purchased asset, making it a convenient and accessible option for businesses.
By simultaneously supporting suppliers and offering preferential loan programs for vehicle purchases, SHB is providing comprehensive capital solutions for enterprises within the automotive production, supply, and service ecosystem. This proactive approach is designed to boost the development of the automotive industry and transportation sector, fostering the growth of the private sector and the overall economy.
The Green Land Group’s Bond Lots
The DXG Group and its affiliates have sought alternative means of capital acquisition by venturing into the bond market, in addition to their inherent strengths, to further their project developments.
