Accompanying the event, Eximbank - as the exclusive banking partner - continues to affirm its mission of becoming a reliable companion of Vietnamese SMEs.

SMEs in the creative economy: Great potential, many challenges

As Vietnam’s music, arts and events industry thrives, small and medium-sized enterprises (SMEs) play a vital role in creating cultural and economic value. However, behind the glamour of creativity lie persistent challenges: lack of investment capital, high operating costs and limited international expansion.

These obstacles not only hinder the development of SMEs but also hinder the exploitation of the potential of Vietnam's creative industry - a sector considered a spearhead in the future economic picture.

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Eximbank supports SMEs with breakthrough solutions. Photo: Eximbank

Understanding the role and difficulties of SMEs, Eximbank has been a pioneer in building comprehensive financial solutions, aiming to motivate businesses to overcome limitations and conquer domestic and international markets.

At the event, Eximbank brought many solutions to support SMEs such as EFAST with interest rates from only 5.25%/year with incentives of 100% free online account transactions; free beautiful account numbers; EFEE solution with international transaction fees from only 1 USD/order, free 5 orders to check, adjust or cancel money transfer orders per package. The advantage of EFEE is fast transaction processing, supporting SMEs to promote international cooperation, expanding business opportunities in the global market.

"We understand that SMEs, especially in the creative and artistic fields, are facing many challenges in terms of capital and integration. With 35 years of experience, Eximbank not only provides flexible financial solutions but also plays a bridging role to help Vietnamese SMEs reach further, expand their business scale and affirm their position in the international market. HOZO 2024 is a vivid demonstration of our efforts in accompanying businesses, creating sustainable values ​​and promoting the outstanding development of Vietnam's creative economy," said an Eximbank representative.

Eximbank constantly innovates to meet the needs of the SME community.

HOZO 2024 with the message “One World One Beat” is not only an international music festival but also a cultural, creative and economic meeting point. The event brings together hundreds of artists, producers and businesses from all over the world, opening up unlimited opportunities for Vietnamese SMEs to participate in the global value chain.

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Eximbank strives to promote SMEs to go further. Photo: Eximbank

As the exclusive financial partner, Eximbank has contributed to ensuring that all financial transactions at the event operate smoothly and effectively. In particular, Eximbank's presence also brings modern payment solutions, enhancing the experience of both businesses and attendees.

With 35 years of experience in the financial sector, Eximbank is constantly innovating to meet the needs of the SME community. Attending the event, Eximbank representatives expected the bank to become a bridge, helping creative businesses in the fields of music, arts and events overcome barriers, optimize operational processes and expand international cooperation capabilities. This demonstrates Eximbank's commitment to accompanying SMEs, contributing to creating momentum for sustainable development and enhancing Vietnam's economic position on the world map.

Vinh Phu