SHB accompanies FDI enterprises in development with separate policies
Việt Nam•21/08/2024The wave of FDI into Vietnam is an opportunity for the economy in general and banks in particular. With an understanding of the market, culture, and local people, domestic banks have many advantages, support, and create the best conditions to help FDI enterprises expand their scale and develop locally. According to data from the Ministry of Planning and Investment , Vietnam recorded a total registered foreign direct investment (FDI) capital of more than 18 billion USD in the first 7 months of 2024, with realized capital reaching about 12.5 billion USD, up 8.4% over the same period, the highest in 7 months of the past 5 years. With the need to diversify the supply chain of multinational manufacturers, a stable socio-political and economic foundation, and qualified labor, FDI capital in Vietnam in 2024 is expected to continue to grow. FDI enterprises are considered a bright spot, an important driving force contributing to Vietnam's economic recovery in 2024. A survey shows that 70% of FDI enterprises operating in Vietnam have a need to expand their production scale and business activities. This reality, along with the new entry of FDI enterprises in Vietnam, has become an opportunity for Vietnamese banks to accompany and provide financial services and solutions. When talking about banks serving FDI enterprises, in the past, foreign and multinational banks, banks from FDI countries could be given priority. However, this trend is gradually changing. With the advantage of understanding the locality, market, culture, Vietnamese people and a wide network of operations, domestic banks can become reliable partners of FDI enterprises when investing and doing business in Vietnam. In particular, for medium-sized FDI enterprises with operating areas spanning many provinces and cities, it will be very suitable to have a cooperative relationship with Vietnamese banks. For example, SHB is one of the banks chosen by many FDIs when coming to Vietnam. With a scale of 571 transaction offices/branches spread across the country, along with a deep understanding and economic and cultural connections in the provinces and cities, SHB can support FDI enterprises in terms of capital and business network. Currently, the Bank is cooperating and providing products and services to FDI customers from many countries and territories such as Japan, Korea, China, etc. In which, many customers are enterprises in the fields of industrial equipment, processing, manufacturing, transportation, etc. SHB's representative said that with a consistent orientation of putting customers and the market at the center, the Bank always understands and accompanies FDI enterprises throughout their operations in Vietnam. At each stage of development, the Bank designs products and solutions suitable to the needs and operating models of the enterprises. SHB also builds a team of professional staff, equipped with financial knowledge and fluent in many languages of many countries to understand and support customers best. SHB is ready to advise, provide banking and financial solutions as well as support legal problems in the investment process of FDI enterprises in Vietnam. Currently, the Bank is providing a product package with a series of service fee incentives such as: free domestic payment, up to 90% reduction in outgoing international money transfer fees, up to 75% reduction in import L/C fees and exemption/reduction of international payment fees, helping businesses optimize costs and manage cash flow. During business operations, SHB accompanies businesses through working capital financing with preferential interest rates, salary payment services with many fee incentives. At the same time, the SHB Corporate online platform and SHB 's digital solutions are effective tools to help customers manage cash flow, manage business operations and foreign exchange transactions conveniently, quickly, and anytime. In addition, SHB also launched many preferential interest rate credit packages with flexible mechanisms and many incentives suitable for businesses such as: 10,000 billion VND package for manufacturing and trading enterprises with competitive interest rates, 1,000 billion VND credit package for businesses with car loan needs. Enterprises operating in the import-export sector can borrow a credit package of 50 million USD with interest rates from 4.5%/year and are exempted/reduced from 66 types of service fees. For employees of FDI enterprises, SHB also offers a series of attractive account opening policies and incentives such as: opening credit cards and unsecured loans with a limit of up to 20 times income, total limit of up to 500 million VND; free SMS service and ATM withdrawal fees... Being in the TOP 5 largest private commercial banks in Vietnam, SHB is always ready with abundant resources and capital to support businesses in general and FDI in particular.
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