Support garment and fiber production businesses to access capital

DNVN - In order to accompany businesses in the garment and fiber manufacturing industry - one of Vietnam's key export sectors, An Binh Commercial Joint Stock Bank (ABBANK) officially introduced a specially designed financial solution, integrating many incentives and flexible financial tools, suitable for the industry's operational characteristics.

With the characteristics of complex production chains, large working capital and frequent trade finance needs, textile and yarn manufacturing enterprises always need a flexible and specialized financial ecosystem. Understanding this, ABBANK has officially introduced a comprehensive solution package "tailored" based on a deep understanding of the industry, to simultaneously meet capital needs, optimize transaction costs and support effective cash flow management on a digital platform for businesses.

Textile and garment enterprises will be granted a non-collateral loan limit of up to 80% of the credit limit value, along with a series of other support policies.

The financial solution package includes many forms of credit granting such as: diverse collateral loans (TSBĐ), receiving and granting unsecured credit up to 80% of the credit limit value, preferential L/C issuance margin rate from 0%, discounting export documents up to 100% of the value of receivables and issuing corporate credit cards up to 2 billion VND.

Enterprises with export revenue in USD also enjoy preferential VND loan interest rates from only 2.35%/year - one of the lowest rates on the market today. In addition, ABBANK waives 100% of international payment fees for eligible transactions, contributing to reducing financial costs in the context of logistics costs and input material imports still being a great pressure for textile and garment enterprises.

In parallel, ABBANK also implemented a series of additional incentive policies such as: free of charge for all domestic payment transactions on the ABBANK BUSINESS digital banking platform, free 12 months of collection service via identified accounts, free beautiful account numbers and up to 0.5%/year when opening online deposit contracts. Enterprises with import-export needs also enjoy preferential fee packages of up to 65% for TTR money transfer and 50% for L/C services, international and domestic collections.

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Source: https://doanhnghiepvn.vn/doanh-nghiep/ho-tro-doanh-nghiep-may-mac-san-xuat-soi-tiep-can-nguon-von/20250910091613664