Commitment to businesses

With a commitment to accompanying its customers, Vietnam Foreign Trade Commercial Bank ( Vietcombank ) is always innovating to support the development and growth of the Vietnamese business community. Accordingly, to best meet the needs of small and medium-sized enterprises (SMEs), Vietcombank has built an ecosystem of products and services, ready to support businesses in all aspects, such as: Vietcombank Visa Business credit and debit cards specifically for corporate customers; investment packages in securities and fund certificates from Vietcombank's member companies including VCBS and VCBF; and the VCB DigiBiz digital banking platform allowing businesses to transact anytime, anywhere with many outstanding features and conveniences.

Vietcombank is building an ecosystem of products and services, ready to support businesses in all aspects. Photo: VCB

In its lending activities, Vietcombank continues to focus its capital on financing manufacturing and business enterprises, especially those in priority sectors as directed by the Government, new customer segments, and customers operating in the import-export sector, which is Vietcombank's strength in the market. Vietcombank's credit has seen very good growth in manufacturing industries, with the strongest growth in several sectors such as manufacturing; the automotive, motorcycle, and other motor vehicle industries; and agriculture , forestry, and fisheries. In addition, Vietcombank has waived or reduced many service fees for import-export businesses, such as: fees for international collection and money transfer, and letter of credit (L/C) payments; and implemented many preferential credit packages with competitive short-term foreign currency and VND loan interest rates, 10% - 15% lower than the market rate, and with quick disbursement times. To date, Vietcombank has provided loans to numerous businesses operating in the export sector. A representative from Vietcombank stated that the bank's solutions to support export businesses have reduced costs and streamlined loan procedures, maximizing operational efficiency. Many special preferential loan programs are offered specifically for export businesses; these include working capital financing programs with competitive interest rates and quick disbursement times. Vietcombank is currently the bank with the best quality and operational efficiency in Vietnam, with the largest profit scale and contribution to the state budget. Vietcombank has also maintained its position as the top-ranked bank in the banking sector for eight consecutive years in the list of best workplaces in Vietnam, and has received the highest ratings in the Vietnamese banking industry from international credit rating agencies such as Fitch, Moody's, and S&P. With the achievements it has made over more than 60 years of formation and development, Vietcombank is consolidating a solid foundation to continue its strong breakthroughs in the coming time, aiming to realize its orientation to maintain its position as the number 1 bank in Vietnam by 2030, be among the 200 largest financial and banking groups in the world, among the 700 largest listed companies globally, and make a significant contribution to the sustainable development of Vietnam. Source: https://daibieunhandan.vn/cam-ket-cung-doanh-nghiep-post395157.html