SHB launches flexible funding solutions for the rice industry, accompanying the Government in developing sustainable agriculture

Saigon - Hanoi Bank (SHB) has officially launched a comprehensive financial solution for businesses operating in the rice sector. The solution focuses on capital funding, helping to ensure cash flow throughout the entire production and business chain, from raw material purchasing, temporary storage to export.

The product not only helps businesses take advantage of market opportunities and improve competitiveness, but also contributes to the goal of ensuring food security, promoting agricultural economic development, and aligning with the Government's orientation on prioritizing credit flows into the agricultural and rural sectors.

Rice is one of Vietnam's important export industries, contributing to the national trade turnover and ensuring domestic food security. In the face of fluctuations in the global market, the need for capital to expand production, optimize the supply chain and develop the rice industry is becoming increasingly necessary. Understanding that,SHB offers flexible financial solutions, helping businesses to be proactive in production, stabilize supply and maximize business opportunities.

SHB provides credit up to 100% of invoice value, helping businesses accelerate capital turnover, maintain stable cash flow and be proactive in business operations. The bank offers a variety of loan packages suitable for each financial need such as: working capital, rice storage, pre-shipment financing, export financing via L/C and T/T, creating a solid foundation for businesses to expand their scale and reach out to the international market. In addition, the disbursement process is streamlined and optimized, helping businesses access capital quickly within 24-48 working hours after completing the application, ensuring timeliness and flexibility in production and business.

One of the special features of the product is the flexible collateral policy, which helps businesses access capital more easily. SHB accepts many types of collateral, including rice fields with a loan ratio of up to 80% of the value, debt claims (existing or future), and inventories with flexible management methods. This helps businesses make the most of available resources without being under too much financial pressure.

SHB representative said: “As one of the pioneering banks accompanying the Government in implementing policies to support the economy, SHB is committed to bringing capital to areas according to the direction of the Government and the State Bank, including agriculture . The rice industry not only plays an important role in the economy, but is also a key factor in ensuring food security and enhancing Vietnam's export position. We believe that with this flexible financial product, rice businesses will have more resources to expand operations, optimize supply chains and enhance brand value in the international market.”

In addition to rice financing products, SHB continues to develop specialized financial solutions for each key economic sector, from industry, trade, services to renewable energy, contributing to promoting sustainable development of the national economy. In addition, the Bank implements preferential interest rate credit programs, while improving processes and designing "tailor-made" products/services to suit customer needs. Thereby, SHB accompanies businesses to improve operational efficiency, optimize resources and expand the market in a sustainable manner.

With strong financial potential, extensive network system and market understanding, and position in TOP 5 largest private commercial joint stock banks in Vietnam, SHB always accompanies businesses, providing superior financial solutions, accompanying businesses in development through each stage.

In the 2024-2028 period, SHB is implementing a strong and comprehensive Transformation Strategy based on 4 pillars: Reforming mechanisms, policies, regulations and processes; People are the subject; Taking customers and markets as the center; Modernizing information technology and digital transformation and firmly following 6 core cultural values ​​"Heart - Trust - Faith - Knowledge - Intelligence - Vision".

The Bank sets a strategic goal of becoming a TOP 1 Bank in terms of efficiency; Most favorite Digital Bank; Best Retail Bank and at the same time a TOP Bank in providing capital, financial products and services to strategic private and state enterprise customers, with a supply chain, value chain, ecosystem, and green development.

To learn more about the product, customers can contact the 24/7 Customer Service Center: *6688 or SHB branches and transaction offices nationwide.

Source: https://daibieunhandan.vn/shb-ra-mat-giai-phap-tai-tro-linh-hoat-cho-nganh-gao-dong-hanh-cung-chinh-phu-phat-trien-nong-nghiep-ben-vung-10372277.html