Vietnam International Bank fast-tracks loan approvals for SMEs

25-Jul-2016 Intellasia | Enterprise nnovation | 6:00 AM Print This Post

Vietnam International Bank (VIB) has announced it will approve loans of small- and medium-sized enterprises (SMEs) within 48 hours of submission of all documents.

The programme is part of the bank’s strategy to prioritise corporate loans and offer SMEs easy and flexible banking products to help them gain more business opportunities.

SMEs which need short-term loans for their production and business activities, may also access VIB credit packages with a preferential interest rate. SMEs can receive loans worth up to 80 per cent of their value of mortgage assets.

“SMEs are our core customers. Therefore, we have focussed on developing products and services to best serve this customer segment,” VuongThiHuyen, VIB’s head of wholesale banking, said.

“We believe that the bank’s fast-track loans will help SMEs expand their production and business activities, sharpen their capacities in current competitive business environment,” she said.

Last year, VIB was honoured as the ‘Leading SME Trade Bank” by the Asian Development Bank for its efforts in financing import-export enterprises as well as improving their productivity and competitiveness in the market.


Category: Finance, Vietnam

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