“VIB Business Card: A Double Win for SMEs – Save on Operations and Earn Cashback on Spending.”

VIB’s suite of digital financial solutions, including the VIB Business Card credit card, Super Profit account, and VIB Business digital banking, are empowering SMEs to optimize their operating costs, saving them tens of millions of VND each month and enhancing their business efficiency.

VIB Business Card: Optimizing Spending, Accumulating Benefits

One of the standout tools helping SMEs save costs effectively is the VIB Business Card corporate credit card. With unlimited cashback of up to 1% on all spending in registered categories (such as tax payments, advertising, hotels, airfare, software, utilities, supermarkets, and foreign transactions) and 0.1% on other transactions, or the option of a lifetime waiver on annual fees with the longest interest-free period of up to 58 days, the VIB Business Card directly helps businesses reduce purchasing costs for goods and services.

Assuming an SME has monthly operating expenses of approximately 500 million VND paid through the VIB Business Card, with about 300 million VND falling under the 1% cashback category. The business can save: 300,000,000 VND * 1% = 3,000,000 VND. This figure can amount to tens of millions of VND for businesses with larger spending scales.

Additionally, the VIB Business Card offers an interest-free period of up to 58 days, enabling businesses to maximize their working capital, reduce short-term borrowing needs, and lower interest expenses. Businesses can proactively plan their finances and make necessary payments such as taxes, online advertising expenses, travel expenses, and office equipment purchases without incurring interest for almost two months. The smart expense management feature via the digital banking application also allows business owners to easily monitor and control employee card transactions, ensuring transparency and efficiency. Moreover, card payments are a cashless means of payment for valid tax deductions from July 1, 2025.

VIB Business Digital Banking: Digitizing Transactions, Saving Time and Resources

Beyond credit cards, the VIB Business digital banking ecosystem offers a range of solutions to help SMEs save operating costs comprehensively.

One notable feature is the Super Profit account, which allows businesses to optimize idle funds with attractive interest rates of up to 4.5%/year. Instead of keeping money in a regular account with low returns, businesses can use the Super Profit account to earn daily interest of up to 4.5%/year while still having the flexibility to withdraw funds at any time, thus increasing passive income.

Online transactions through VIB Business, including fund transfers, bill payments, salary disbursements, and even 24/7 foreign currency transactions, are fast, secure, and convenient. This helps businesses save significant time on traveling to the bank, reduce paperwork, and cut personnel costs for manual financial tasks. It is estimated that digitizing these transactions can save businesses from a few million to tens of millions of VND per month, depending on the scale and frequency of transactions.

For instance, a business that performs an average of 100 fund transfers and bill payments per month can save 50 working hours by switching to online transactions, assuming each manual transaction takes about 30 minutes, including travel and waiting time. With average personnel costs, this savings can amount to several million VND.

VIB also collaborates with major partners such as Visa and VNPAY to provide comprehensive digitization solutions, helping SMEs enhance management efficiency, optimize processes, and drive sustainable growth. Solutions like QR code payments and SoftPOS (turning phones into POS machines) reduce initial investment costs for payment acceptance points. Additionally, using SoftPOS with e-Invoice solutions, which VIB offers in partnership with VNPay and Kiot Viet, helps businesses and traders comply with the new e-invoice regulations under Decree 70/2025.

Synergistic Benefits from Cashless Payments

By adopting VIB’s cashless payment methods, a business can significantly reduce its monthly expenses. These savings come not only from direct cashback but also from reduced cash management costs, time and personnel savings, optimized cash flow, lower transaction fees, and improved management efficiency.

For SMEs with moderate transaction and spending volumes, saving between 10 and 30 million VND per month is achievable when effectively utilizing cashless payment solutions. For larger enterprises, the savings can be even more substantial.

Mr. Nguyen Van An, director of an LLC in the e-commerce field in Hanoi, shared: “Since switching to the VIB Business Card and conducting most transactions through the VIB Business digital banking platform, we have significantly reduced our operating costs. The monthly cashback from the card is not a large amount, but it’s consistent. More importantly, we save a lot of time on transactions and bookkeeping, allowing employees to focus on higher-value tasks. The card’s interest-free period also provides more flexibility in managing our cash flow.”

Adopting cashless payments is not just a mandatory requirement or a smart choice; it is a crucial strategy for SMEs to optimize resources and enhance their competitiveness in the digital era. With the support of VIB’s superior financial solutions, Vietnamese SMEs now have a powerful tool to break through and succeed.