VietinBank offers preferential Trade Finance fees for SME businesses

Accompanying small and medium-sized enterprise (SME) customers, VietinBank has launched the SME Trade UP program, offering discounts on many types of Trade Finance fees for SME customers.

To meet the increasing import and export demand of enterprises at the end of the year, VietinBank has launched the SME Trade UP program with attractive fee reduction incentives for essential products that import and export enterprises often use. Specifically, when participating in the SME Trade UP program, SME customers will receive a reduction of up to 45% on letter of credit issuance fees and a reduction of up to 65% on cargo insurance fees (including domestic and imported). The program will be implemented from July 2024 to the end of June 2025. In particular, SME customers transacting for the first time at VietinBank are also exempted from 100% of many types of fees such as: Foreign currency transfer within the system, signing of bills of lading/issuing authorization to receive goods, issuing of goods receipt guarantees, sending for collection, canceling, amending, adjusting collection, managing collection documents, letter of credit notification, amendment notification, Trade Portal service... Up to 50% discount on foreign currency transfer outside the system, other fees of Trade Finance services - import/export services.

In addition to SME Trade UP, VietinBank is also implementing other attractive incentive and promotion programs for SME customers. Specifically, VietinBank waives up to 100% of foreign currency transfer fees, applicable to all foreign currencies, on double days (7/7, 8/8, 9/9...) and the 15th of each month. At the same time, SME customers who issue new guarantees at VietinBank also have the opportunity to receive up to 75 million VND in bonuses from now until the end of November 2024. For account services and e-banking services - eFAST, businesses are also exempted from 100% of beautiful account number fees, VND transfer fees within and outside the system and many other payment fees. Faced with fluctuations in exchange rates in the market, VietinBank always accompanies and supports customers with many solutions to minimize exchange rate and interest rate risks such as providing a variety of foreign exchange trading products and services for businesses including spot, forward, swap, structured products, interest rate derivatives; preferential policies of up to 100 USD points, 170 EUR points, 120 basis points for JPY when buying and selling foreign currencies, providing 24/7 online foreign exchange trading services on VietinBank eFAST... As a leading bank in Vietnam, VietinBank is implementing many programs to accompany businesses to overcome difficulties, reduce costs and make breakthroughs in production and business. In particular, SME customers are one of the key segments, researched by VietinBank and developed many preferential policies suitable to the needs of businesses in each period, supporting businesses to keep up with market changes. Recently, VietinBank was also honored by the prestigious international magazine The Asian Banker as the Best SME Bank in Vietnam thanks to the quality of its products, services, as well as its support policies and companionship with SME customers over the past time. This is the 4th consecutive year that VietinBank has won this prestigious award, continuing to affirm VietinBank's superiority in providing comprehensive financial solutions for SME customers. To enjoy preferential Trade Finance fees as well as many other incentives, please contact VietinBank branches/transaction offices nationwide or contact the dedicated Call Center for SME customers: 1900 558 886.

VietinBank

Source: https://www.vietinbank.vn/vn/tin-tuc/VietinBank-uu-dai-phi-Tai-tro-Thuong-mai-cho-doanh-nghiep-SME-20240701145110.html