VIB introduces financial and digital solutions for small and medium enterprises

Vietnam International Bank (VIB), in collaboration with Visa and Vietnam Payment Solution Joint Stock Company ( VNPAY ), officially introduced a comprehensive financial and digital solution package, specially designed to support Vietnamese small and medium enterprises (SMEs) to improve management efficiency, optimize operations and promote sustainable growth in the current economic context.

Faced with challenges in accessing capital, cost management, process optimization and the increasingly urgent need for digital transformation, the solution set is built on the synergy between VIB 's financial strength, Visa's global payment network and VNPAY's technological capabilities, providing a synchronous ecosystem that meets the diverse needs of SMEs.

Financial solutions to elevate Vietnamese businesses

Mr. Ho Van Long, Deputy General Director and Director of Retail Banking Division of VIB said: “Deeply understanding the pivotal role of SMEs in the Vietnamese economy and the major challenges in accessing capital and financial management, VIB has designed a comprehensive set of financial solutions to accompany and bring optimal benefits to the SME community. This is an integrated financial product ecosystem, covering everything from unlocking capital sources, optimizing cash flow, to supporting digital transformation, helping businesses save time, costs and improve management efficiency as well as competitiveness for sustainable development in the new era”.

With this solution set, VIB offers a set of 3 products to meet diverse needs of capital, cost management and effective payment for businesses including: VIB Business Card credit card, working capital supplement loan package - VIB Business Loan and VIB Business digital bank.

With many outstanding features, VIB Business Card is not only a payment tool, but also a powerful assistant in business management. The card offers two outstanding incentive options: free annual fee for life with a credit limit of up to 1 billion VND with the longest interest-free period on the market of up to 58 days, or unlimited cashback for all expenses. VIB Business Card also integrates a series of convenient features such as: direct payment from linked accounts, flexible statement date selection, minimum payment rate (1%–20%) and automatic debit form to suit needs.

All transactions are recorded and updated in real time via the digital banking application VIB Business (for small and medium enterprises, business households) and VIB Corp (for large enterprises), helping managers grasp the spending situation quickly and accurately on each card of each employee of the enterprise. In particular, enterprises spending from 500 million VND/year/card will be given unlimited lounge access and FastTrack for cardholders.

For businesses' need to supplement working capital, VIB provides diverse financial solutions, notably a working capital supplement loan package with a maximum loan limit of up to VND 150 billion, competitive interest rates from only 6.7%/year, and a loan ratio of up to 90% of the value of the collateral. This timely and abundant source of capital helps businesses be proactive in production and business activities, seizing opportunities to expand the market.

VIB also introduced VIB Business digital bank, as a piece of a comprehensive financial solution set, helping businesses easily manage accounts and transactions anytime, anywhere. In addition to the features of managing payment limits and spending limits according to the enterprise's decentralized system, VIB Business integrates a trio of breakthrough technology solutions to help business owners optimize sales activities and operational efficiency: Voice Alert (voice-based transaction notifications), SoftPOS (turning smartphones into POS machines accepting card payments) and QR Merchant (generating separate QR payment codes for each store).

Solutions to promote digital transformation for SMEs

To promote digital transformation for SMEs, VIB also cooperates with Visa and VNPAY to provide many comprehensive digital solutions.

With Visa's Business Payment Solution (BPSP) on the VNPAYB2B platform, VIB cardholders can make payments to any payment account of the receiving business even if they have not opened the card acceptance feature, thereby improving cash flow with attractive discounts for early payment, enhancing the ability to control expenses and minimizing business operations, through the application of digitalization and data mining processes.

Businesses can also manage smart electronic invoices with VNPAY Invoice, a comprehensive solution for issuing, sending, managing and reporting electronic invoices. The system ensures speed, legality, high security and helps businesses significantly reduce costs related to paper invoices.

With the VNeDOC platform, businesses can create, sign and manage digital contracts, documents and texts online. This solution not only optimizes workflow, saves time, printing and shipping costs, but also enhances security and makes information search easy.

Representative from Visa, Ms. Dang Tuyet Dung, Director of Visa Vietnam and Laos, shared: "Visa always strives to promote digital payments, especially in the SME segment. Through the cooperation with VIB and VNPAY, we expect that SME businesses will have easier access to modern and secure payment solutions, contributing to optimizing cash flow and improving business efficiency."

Mr. Tran Manh Nam, Director of Enterprise Division at VNPAY, commented: "Digital transformation is a fast, compact and effective lever for SMEs. VNPAY's technology platform with solutions such as VNPAY Invoice, VNeDOC and VNPAYB2B plays an important role in digitizing core business operations. Integrating these solutions into the financial ecosystem of VIB and Visa will create a combined strength, helping SMEs realize digital transformation in the most comprehensive and effective way."

The private economic sector – of which small and medium enterprises account for 98% of the total number of enterprises – has always played a key role in the socio-economic development of Vietnam. This sector currently contributes more than 50% of GDP, 30% of total state budget revenue and creates more than 40 million jobs, equivalent to more than 82% of the entire economy’s workforce. However, to develop rapidly and sustainably in both scale and quality, the small and medium-sized enterprise community still faces many difficulties and challenges, especially in accessing capital, improving management capacity and digital transformation.

On March 25, 2025, the Prime Minister signed and issued Directive No. 10/CT-TTg on promoting the development of small and medium-sized enterprises. It aims to have at least 1 million new enterprises by 2030, while promoting supporting infrastructure, improving access to finance, credit and human resources for SMEs.

The comprehensive financial and digital solutions from VIB, Visa and VNPAY, along with the solutions that VIB is about to deploy, are specifically designed for small and medium-sized enterprises and are expected to become a powerful assistant, helping Vietnamese SMEs overcome challenges, optimize all activities from financial management, costs, sales to internal operations, thereby creating momentum for strong and sustainable development in the new era.

Thuy Linh

Source: https://congthuong.vn/vib-gioi-thieu-bo-giai-phap-tai-chinh-va-so-hoa-cho-doanh-nghiep-vua-va-nho-386731.html