The solution package was introduced at the "Digital Financial Solutions for Household Businesses and SMEs" seminar, co-organized by VPBank, T-Van Hilo Service Joint Stock Company, and Vina Technology Investment, Development, and Transfer Company Limited (Vinatti) on the morning of 18/6 in Ho Chi Minh City. The event targeted individual household businesses in the process of transitioning to the enterprise model, as well as newly established units.

The "Digital Financial Solutions for Household Businesses and SMEs" seminar offers comprehensive solutions for household businesses transitioning to enterprises. Photo: VPBank

The "Digital Financial Solutions for Household Businesses and SMEs" seminar offers comprehensive solutions for household businesses transitioning to enterprises. Photo: VPBank

The three entities have collaborated to develop an "all-in-one" integrated solution package to minimize barriers and initial costs, aiming to provide comprehensive support for household businesses during their transition to SMEs.

Specifically, Hilo is responsible for legal and technological transformation: supporting customers with enterprise registration procedures, from registration documents, tax codes, e-invoices, and digital signatures to sales software and management accounting.

"Hilo will accompany customers from start to finish throughout the entire transition process. With financial support from VPBankSME and operational solutions from Vinatti, household businesses will have little to worry about regarding initial barriers," said Nguyen Ha Truong Hai, Hilo's Chief Operating Officer.

Regarding finances, VPBankSME offers numerous benefits to customers participating in the program, such as opening eKYC business accounts in just a few minutes and accessing unsecured loans of up to 500 million VND within the 10,000 billion VND support package. Notably, businesses successfully transitioning from household businesses will enjoy preferential interest rates, 1% lower than usual.

In addition, the bank introduced an online overdraft package with competitive interest rates, suitable for customer groups needing flexible working capital. Along with this is the QR Payment solution, which allows sellers to use a single QR code to receive payments from multiple sources such as bank transfers, e-wallets, and credit cards, simplifying operations and saving initial investment costs.

Complementing the solution package, Vinatti launched a line of balance notification speakers with many upgraded features. The device not only emits a sound when there is a bank transfer but can also record revenue from cash transactions at the point of sale, helping household businesses easily summarize their daily cash flow.

"We have developed a separate preferential policy for VPBank and Hilo customers, with discounts of up to 30%, along with installation services, bank connections, and 24/7 technical support," said Vu Quoc Dung, General Director of Vinatti.

This solution package is being implemented in a context where many household businesses and small enterprises still face numerous barriers when accessing digital transformation tools such as e-invoices, digital signatures, sales software, or modern banking services. The lack of suitable operating tools and financial limitations make the transition to an enterprise challenging.

As the government promotes policies to support the transition of household businesses to enterprises, and the market increasingly demands information transparency and professional management capacity, building a comprehensive support ecosystem becomes urgent.

Chu Minh Tuan, Director of VPBankSME's Digital Product and Payment Solutions Business Center, speaking at the event. Photo: VPBank

Chu Minh Tuan, Director of VPBankSME's Digital Product and Payment Solutions Business Center, speaking at the event. Photo: VPBank

Speaking at the event, Chu Minh Tuan, Director of VPBankSME's Digital Product and Payment Solutions Business Center, stated that this collaboration between the three entities is the next step in the strategy to support household business transitions. However, the difference this time is that all three entities are focusing on supporting household businesses in the transition phase to SMEs – a sensitive stage requiring comprehensive support in terms of capital, technology, and legal procedures.

According to Mr. Tuan, transitioning to an enterprise will help household businesses access capital more easily, manage more transparently, and adapt to the trend of integration and digitalization. VPBankSME's solution packages, such as VPBank NEOBiz, QR Payment, and loan packages, are all tailored to each customer profile, with a 100% online process, eliminating the need to visit a branch.

The collaboration between the three entities is expected to contribute to promoting the transition of millions of household businesses nationwide while enhancing the competitiveness of the SME ecosystem in Vietnam.

(Source: VPBank)

Interested customers can contact the hotline 1900 234 568 or visit the VPBank website here.