The comprehensive package offers various credit options, including secured loans using multiple asset types, unsecured credit of up to 80% of the credit limit, L/C issuance deposit ratios starting from 0%, export document discounts up to 100% of receivables, and corporate credit cards with limits up to 2 billion VND. Exporting businesses with USD revenue can also benefit from VND loan interest rates starting at 2.35% per year.
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The solutions package was designed by ABBank based on practical surveys of the textile industry. Photo: ABBank |
The solutions package was designed by ABBank based on practical surveys of the textile industry. Photo: ABBank
In addition to credit incentives, the bank waives fees for eligible international payments, domestic transactions on the ABBank Business platform, and 12 months of collection fees via designated accounts. Customers also receive a premium "Tai Loc Nhu Y" account number and an additional 0.5% annual interest rate when opening online deposit contracts.
Businesses involved in import and export activities also enjoy a preferential fee package of up to 65% for TTR money transfers and 50% for L/C services, international and domestic collections.
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Textile businesses benefit from various incentives. Photo: ABBank |
Textile businesses benefit from various incentives. Photo: ABBank
Mr. Khuong Duc Tiep, Director of ABBank's SME Division, stated that the apparel and yarn production sector plays a crucial role in Vietnam's export strategy and sustainable economic development.
"We developed this financial solution based on our understanding of the production cycle, business characteristics, and operational needs of businesses in this sector. Through this, ABBank hopes to support businesses in accessing capital easily, enhancing their competitiveness, and better adapting to the changing global market," Mr. Tiep said.
According to ABBank, the bank always focuses on sustainable financial development aligned with the ESG strategy, providing suitable capital solutions and supporting businesses in their green transition journey to meet increasingly stringent environmental, social, and governance (ESG) standards in the global supply chain.
(Source: ABBank)
Interested businesses can contact the bank via hotline 1800.1159 or register for a consultation here.
