Many solutions to attract and support businesses

As the only tier 1 bank headquartered in the northwestern districts of Phu Tho province, VietinBank Phu Tho town branch has offered many financial solution packages to support businesses in accessing capital and other credit needs to serve production and business activities.

Individual customers transact at VietinBank transaction points.

Mr. Phan Ngoc Hai - Director of VietinBank Phu Tho Branch (VietinBank Phu Tho Branch) shared: “Small and medium-sized enterprises account for a large number of total enterprises, as well as play an important role in promoting production, creating momentum for socio-economic development today. As the only tier 1 bank headquartered in the northwestern districts of Phu Tho province, VietinBank always focuses on the practical needs of customers; at the same time, the bank wishes to contribute to supporting businesses to save costs and increase access to capital to achieve maximum business efficiency”.

Implementing the direction of the State Bank of Vietnam and the Vietnam Joint Stock Commercial Bank for Industry and Trade, in 2024, the Branch successfully organized a direct Bank - Enterprise connection conference with the participation of the State Bank provincial branch with more than 30 wood export enterprises directly attending. Thereby, a comprehensive cooperation contract was signed with 2 enterprises. In addition, through indirect channels, the branch has proactively connected with many other enterprises and fields. At the same time, 44 new corporate customers were developed, with credit growth of 343 billion VND.

Taking advantage of being the only tier 1 bank headquartered in the Northwestern districts of the province, adjacent to Phu Ha Industrial Park and Cam Khe Industrial Park, where many foreign enterprises and import-export enterprises operate, the Branch has provided a variety of international payment and foreign exchange products and services, contributing to promoting import-export activities for more than 200 enterprises. In 2024, it paid money transfers, issued LCs, and collected over 4,800 items, with a turnover of 287.5 million USD, and bought and sold nearly 6,000 foreign currency items, with a turnover of 228 million USD.

In particular, in 2024, storm No. 3 caused many production and business chains to break down, causing many production households and businesses to face difficulties. In the face of this situation, the Branch has closely followed the grassroots and proactively implemented credit programs with preferential interest rates to support individual and corporate customers to overcome the difficult period and rebuild production. In addition to 4 customers with a total outstanding debt of over 52 billion VND receiving interest rate support, customers who have purchased VietinBank insurance (VBI) are proactively approached by credit officers, coordinated with the compensation department to promptly resolve compensation procedures so that customers can soon have more financial resources to restore production and business. The timely support solutions of VietinBank Phu Tho town branch not only help customers reduce financial burdens but also contribute significantly to the recovery process of businesses after natural disasters. Providing preferential loan packages, along with flexible interest rate reduction policies, has demonstrated the bank's close support for the local community during difficult times, helping customers overcome challenges and strengthening confidence in the important role of the financial system in stabilizing and developing the regional economy after storms and floods.

Promoting the connection between Banks and Enterprises along with the flexible implementation of support programs of VietinBank headquarters, especially interest rate policies/loan programs, supporting enterprises according to each type of enterprise, each business line..., the Branch focuses on and continuously deploys campaigns to contact and approach newly established business customers in the area to support enterprises to easily access banking products and services such as opening payment accounts, loans, guarantees, money transfers, e-banking and applying preferential packages of the bank.

In addition, the Branch closely coordinates with the Provincial Business Association to connect and approach businesses in need of loans. Further promote communication and marketing activities through small-scale events and cooperation programs with industrial parks in the area. Strengthen and further promote secondary sales channels as output and input partners of businesses borrowing capital from VietinBank. Coordinate with provincial departments and branches to implement trade promotion programs with foreign business associations of Japan, Korea, and China to approach FDI enterprises...

According to the leader of VietinBank Phu Tho town branch, in 2025, the business community in the province will continue to have advantages and opportunities for development but also face many difficulties and challenges. In that context, to improve efficiency and credit quality, the Branch will continuously improve financial products to provide comprehensive solutions for the business community in general and small and medium enterprises in particular, contributing to businesses and people overcoming challenges, creating a stepping stone to help businesses make a strong breakthrough. In particular, along with focusing on the priority areas of Phu Tho province, increasing the rate of loans for production, business, consumer loans and loans for life... VietinBank Phu Tho town branch continues to promote the Bank - Business connection program, diversifying investment lending fields: Industrial park real estate, manufacturing and processing industry, trade services, agricultural and forestry products...

Dinh Vu

Source: https://baophutho.vn/vietinbank-chi-nhanh-thi-xa-phu-tho-nhieu-giai-phap-thu-hut-ho-tro-doanh-nghiep-229746.htm