VietinBank: Comprehensive incentive program for import-export enterprises

May 16, 2023 08:33

With the goal of accompanying and developing with import-export business customers (ICT customers), VietinBank has launched a comprehensive incentive program called VietinBank Trade Up with flexible policies on interest rates and service fees. VietinBank synchronizes solutions to help ICT customers proactively access bank capital, expand and promptly grasp business opportunities.

VietinBank: Comprehensive incentive program for import-export enterprises

Superior solutions

As the leading transaction bank for corporate customers, VietinBank provides a diverse set of Trade Finance (TTTM) products suitable for a variety of business methods and financing needs of import-export enterprises. Along with traditional products, VietinBank continuously updates and improves key products such as: Prepayment of documents under internal letters of credit; non-recourse discounting of documents under deferred payment letters of credit, deferred payment letters of credit at sight (Upas L/C) with many outstanding features such as: Financing up to 100% of the value of the shipment; Not included in the customer's credit balance; Optimizing transaction processing time.

Most recently, with the goal of providing the optimal solution in choosing a transaction bank for import-export enterprises, VietinBank has launched the preferential package VietinBank Trade Up exclusively for enterprises in this group.

Comprehensive offer

VietinBank Trade Up incentive package is designed to meet the urgent needs of businesses for preferential interest rates and competitive transaction fees for all customer segments.

In particular, the 35,000 billion VND credit package supports key import-export businesses with large payment turnover to access short-term credit sources with interest rates from only 6.2%/year for VND and only from 3.5% for USD.

Import-export enterprises with payment turnover of 1 million USD/quarter or more will receive an immediate 45% reduction in fees related to trade centers and foreign currency transfers.

In particular, VietinBank Trade Up also offers businesses attractive foreign exchange rate incentives of up to 170 points: For currency pairs USD/VND (minimum 50 points), EUR/VND (minimum 150 points) and JPY/VND (minimum 100 basis points, equivalent to 1 exchange rate point) and many more incentives for loyal customers.

Even import-export enterprises transacting for the first time at VietinBank will receive attractive incentives such as: Free maintenance of VietinBank Trade Portal service; foreign currency transfer service fee at other branches; up to 50% reduction in fees related to import-export foreign currency transfer products. Small and medium enterprises will receive up to 75% reduction in current fees for money transfer products to/from foreign countries, cross-border payment transfers and 100% of trade transfer fees for 3 months.

In addition, by participating in the VietinBank Trade Up package, businesses also have the opportunity to experience preferential exchange rate solutions to maintain deposits, VietinBank eFAST account and electronic banking service packages, and free salary payments for up to 12 months along with many other fees for employees of businesses paying salaries through VietinBank.

VietinBank Trade Up is the most attractive and comprehensive incentive package that VietinBank offers to import-export business customers with the desire to successfully connect banks and businesses, support businesses to maintain stable business operations, develop and enhance competitiveness in the market.

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