As international trade faces numerous fluctuations, import-export businesses, especially small and medium-sized enterprises (SMEs), increasingly require flexible and cost-effective financial solutions. In response, VietinBank has rolled out a major incentive program for SME customers in the import-export sector who are first-time users of the bank's foreign currency transfer, trade finance, and foreign currency trading products.

Under this program, customers receive free foreign currency transfers for both incoming and outgoing transactions. Additionally, they benefit from up to a 70% reduction in trade finance service fees for products such as letters of credit (L/C), documentary collections, and related services. These are crucial operations that help businesses ensure secure and efficient payments in import-export transactions.

SME Global Boost includes many incentives for import-export businesses. Photo: VietinBank

VietinBank is also offering 99 subscription packages through its L/C SmartFee program, supporting businesses that frequently use letters of credit. In the foreign exchange segment, customers receive incentives of up to 120 trading points for over-the-counter transactions and 200 points for digital channel transactions when conducting their first foreign currency trades.

Beyond fee incentives, the program also reduces cargo insurance fees by up to 70%, helping businesses mitigate risks during international shipping. Furthermore, enterprises using the VietinBank eFAST account and e-banking service package will receive premium account numbers and reduced fees for more than 20 essential banking services, including VND transfers, payroll, and electronic payments.

Alongside these cost incentives, VietinBank provides a comprehensive trade finance ecosystem with products such as: pre-shipment financing for documents under internal L/C, non-recourse discounting for deferred L/C, and immediate payment under L/C, with a maximum financing limit of 100% of the shipment value.

The bank also provides exchange rate risk hedging tools, suitable for businesses with regular foreign currency cash flows. Proactively managing exchange rates is expected to stabilize costs and maximize benefits from foreign currency flows.

A VietinBank representative stated that in addition to financial products, the bank offers solution consulting to help businesses enhance cash flow management efficiency and minimize risks in import-export activities. This support is provided by a team of experienced experts in trade finance and foreign exchange.

The SME Global Boost program is valid until 5/3/2027.

Businesses interested in the program can contact the dedicated corporate customer hotline at 1900 558 886 or visit any VietinBank branch or transaction office nationwide for detailed consultation.

Minh Ngoc