ABBANK supports ESG goals in Vietnam through a supply chain financing package for the electricity industry

ABBANK supports contractors in raising capital, from the bidding stage to contract settlement.

ABBANK's power supply chain financing package is specially designed to support contractors in raising capital, from the bidding stage to contract settlement. ABBANK offers flexible forms of credit such as loans, guarantee issuance, L/C issuance, financial arrangement commitment and credit card issuance, with credit ratios up to 99% of collateral and preferential interest rates from only 5.5%/year. These solutions help businesses in the power industry easily access financial resources without encountering barriers in procedures or costs.

The highlight of the financing package is the preferential guarantee policy, including free bid security and up to 50% reduction in guarantee fees for other services. In addition, ABBANK also completely exempts international and domestic money transfer transactions, along with a flexible disbursement policy, helping businesses solve cash flow problems in the most effective way. Businesses can disburse in advance or in parallel with their own capital, advance capital from investors, or to subcontractors and related partners, helping the project implementation process not to be interrupted.

Through this financing package, ABBANK provides optimal financial solutions and encourages contractors to implement projects including renewable energy and power infrastructure that help minimize negative impacts on the environment and promote the use of clean and sustainable energy sources.

Flexible financial solutions for the electricity sector demonstrate the bank's strong commitment to promoting sustainable development

Mr. Khuong Duc Tiep - Deputy General Director of ABBANK, shared: The electricity supply chain financing package not only meets financial needs, but also helps optimize cash flow, reduce costs and improve liquidity, contributing to businesses focusing on implementing projects on schedule and with quality...

In addition to outstanding financial solutions, ABBANK also continues to offer a series of other attractive incentives for businesses such as: giving away beautiful account numbers, plus interest rates up to 0.5%/year when opening online deposit contracts, free collection services via identified accounts for up to 12 months, free international/domestic money transfer transactions and preferential fee packages for import-export transactions on the ABBANK Business application... These incentives not only help businesses save costs but also create favorable conditions for conducting domestic and foreign financial transactions, especially when participating in EVN's strategic projects.

ABBANK's launch of the electricity supply chain financing package not only provides flexible financial solutions for the electricity industry but also demonstrates the bank's strong commitment to promoting sustainable development and supporting ESG goals in Vietnam. In the context of the electricity industry facing the need for energy transition and investment in electricity infrastructure, especially renewable energy, ABBANK's financing package is an important financial "fulcrum" for contractors and businesses in the industry. With a comprehensive ESG strategy and the launch of the electricity supply chain financing package, ABBANK not only accompanies businesses to overcome capital challenges but also fulfills its responsibility to

Source: https://thoibaonganhang.vn/abbank-ho-tro-cac-muc-tieu-esg-tai-viet-nam-qua-goi-tai-tro-chuoi-cung-ung-nganh-dien-162309.html