LPBank supports import-export enterprises with loan interest rates from only 4%/year

In order to create favorable conditions for import-export enterprises to promote production and business activities and expand their scale in the international market, LPBank proactively provides solutions to support loan interest rates with the program "Preferential interest rates - Opening trade routes".

The import-export market is flourishing, but many businesses still face barriers in capital and costs.

Import and export are flourishing but businesses have not been able to make a breakthrough. According to data released by the Ministry of Industry and Trade, in the first quarter of 2024, Vietnam's total import and export turnover is estimated to reach 178.04 billion USD, up 15.5% over the same period in 2023, of which exports increased by 17% and imports increased by 13.9%. This shows the efforts and flexibility of import and export enterprises in the context of the world market's consumer demand recovering but not strongly. In fact, import and export enterprises still have many concerns, especially barriers in costs and capital that can affect production and business activities. Mr. Huy Hoang (45 years old - Hai Duong ), owner of a textile import-export enterprise, said: “In the first months of the year, the import-export activities of the enterprise have been more bustling but there are still many difficulties. Export orders to demanding markets such as Japan, Korea, the US... require high capital investment, warehouse rental costs, and transportation. Not to mention, the difficult time of the pandemic in 2020-2022 and the global economic downturn in 2023 are still weaknesses, with many potential risks. Enterprises that want to break through must have a solid source of capital and maintain it for the long term. This is also a limitation that makes my enterprise only accept small, individual orders to maintain production and retain workers".

LPBank launched the program "Preferential interest rates - Opening trade routes", providing preferential loan interest rate solutions for import-export business customers.

LPBank accompanies import-export enterprises To accompany enterprises in the process of promoting import-export activities, in recent times, the Government and ministries and branches have made efforts to implement many measures to open up the market, and at the same time have specific policies to support interest rates to help enterprises reduce the burden of costs and confidently break through in the international market. Many banks have proposed solutions to help enterprises optimize business efficiency. Recently, LPBank has provided a solution to support loan interest rates for import-export enterprises with the program "Preferential interest rates - Opening trade routes". The program is implemented from March 5 to August 31, with a total limit of up to VND 5,000 billion, preferential USD loan interest rates from only 4%/year and preferential VND loan interest rates from only 6.15%/year. In particular, customers will be applied a fixed interest rate throughout the loan period, up to a maximum of 12 months. With continuous efforts, LPBank has become the top choice of import-export enterprises in need of loans. In addition to attractive interest rates and LPBank's experienced and professional staff, enterprises will be guided in detail on loan procedures and quick disbursement time. The program "Preferential interest rates - Opening trade routes" will provide outstanding financial solutions, supporting enterprises on the path to expanding international market integration.

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