Shinhan Bank cooperates with Hoc Mon agricultural and food wholesale market

Shinhan Bank Vietnam has just signed a strategic cooperation agreement with Hoc Mon Agricultural and Food Wholesale Market Management and Trading Company Limited, Ho Chi Minh City.

Shinhan Bank Vietnam will provide working capital supplement loan packages and business loan packages for business households, private enterprises, and enterprises operating at Hoc Mon agricultural and food wholesale market.

Representative of Shinhan Bank Vietnam signed a cooperation agreement with Hoc Mon Agricultural and Food Wholesale Market Management Company. Photo: Kim Giang.

The cooperation between Shinhan Bank Vietnam and Hoc Mon agricultural and food wholesale market aims to support more effective business activities, improve financial capacity and create conditions for business households to access official capital with competitive interest rates, transparent and convenient approval processes. Through this, the two sides expect to contribute to the development of food trade activities in Ho Chi Minh City, ensure stable circulation of goods, enhance sustainability in the supply chain and contribute to local economic development.

Within the framework of the signed cooperation, Hoc Mon Agricultural and Food Wholesale Market Management Company will proactively connect customers who are business owners, private enterprises, and businesses that are operating and doing business legally at the market and have a need for business loans and expansion with Shinhan Bank.

Accordingly, Shinhan Bank will carry out the procedures for receiving loan applications, appraising, approving documents and providing loans for two main purposes, including: Supplementing short-term working capital without collateral and Investing in medium and long-term business without collateral. With flexible loan terms and preferential interest rates from only 9.15%/year, Shinhan Bank's loan packages are designed to meet the actual capital needs of business households and enterprises in the market, helping traders proactively source finance to import goods, maintain a stable supply of goods as well as expand seasonal trading activities.

Source: https://nongnghiepmoitruong.vn/ngan-hang-shinhan-hop-tac-voi-cho-dau-moi-nong-san-thuc-pham-hoc-mon-d782446.html