VPBank SME provides comprehensive solutions to support micro-enterprise startups

Struggling with business administration and cash flow management

In recent years, the wave of startups and business establishment in Vietnam has been recorded as the most vibrant in the Southeast Asian region. Data from the Department of Business Registration Management ( Ministry of Planning and Investment ) shows that the number of businesses entering and re-entering the market in 2022 continued to reach a new record, with 208,368 businesses, an increase of 30.3% compared to 2021, 1.3 times higher than the average number of businesses entering and re-entering the market in the period 2017-2021 (167,029 businesses).

However, in 2022, 143,200 businesses withdrew from the market, an increase of 19.5% compared to 2021. On average, 11,900 businesses stopped operating per month, most of which were small-scale and short-term businesses.

According to experts, the first two years of operation are considered the riskiest period for small and micro-SMEs. The failure of this group of businesses can stem from many causes, but mainly from a lack of practical business management skills, especially financial management, which affects capital sources.

According to experts, to survive and develop successfully, instead of struggling to find solutions on their own, businesses should choose comprehensive support packages that provide both capital and non-financial benefits to assess and provide early warnings about business health.

Therefore, the product package "Smooth Start" that VPBank has just launched can be considered one of the solutions to solve the problem of business administration and effective cash flow management for micro-SME customers to overcome the difficult period in the first 2 years of establishment.

Comprehensive support solutions from VPBank SME

According to VPBank representative, the "Smooth Start" product package will provide comprehensive support solutions for micro-SMEs, focusing on core elements of business administration and cash flow management.

Specifically, businesses that register to use the "Successful Start" product package will receive a cash flow management package with a beautiful account number, free domestic and international transfers, and free online salary payment services with special incentives for both businesses and employees.

In particular, businesses are supported with unsecured loans of up to 500 million VND, or mortgage loans with a 100% online disbursement process, simple documents, super-fast approval, diverse mortgage assets such as houses, factories, land, vehicles, valuable papers, etc., with a limit of up to 100% of the asset value. Access to capital is a solid foundation for businesses to improve their operational and management capacity, build long-term business development strategies, and increase competitiveness.

In addition, VPBank also offers businesses a series of other non-financial solutions to support business management. For example, the e-commerce solution Ecompay/Simplify - a digital payment ecosystem connecting consumers, sales agents to sellers, helping all parties benefit from buying and selling transactions and business. Businesses will have an e-commerce website with integrated payment gateways, helping businesses to deploy online sales easily, quickly but still safe and secure according to international standards; free use of business health measurement tools to help improve capacity and skills for more sustainable development.

For the management team, VPBank also offers exclusive courses such as: Leadership skills, Business models, Financial management, Human resource management, Operations management, Brand management and Marketing... to help business leaders have a more confident hand in steering the business to success.

It is known that, in addition to the "Smooth Start-up" solution package, VPBank also has 2 other product packages specifically supporting the micro-SME group. In particular, the "Dynamic Transformation" solution package is aimed at businesses that have gone through 2 years of starting up, are entering the transition and integration stage and need flexible capital support. The "Steady Growth" product package is for businesses that have been operating for 5 years or more, with a set of solutions to improve their level, expand production and business to the international market and aim for prosperous development in the future.

For more information and to register to use VPBank SME products and services, visit the website https://smeconnect.vpbank.com.vn/doanh-nghiep-sieu-nho/ or contact the support hotline: 1900 545415.

Source: https://www.congluan.vn/vpbank-sme-cung-cap-giai-phap-toan-dien-ho-tro-doanh-nghiep-sieu-nho-khoi-nghiep-post246803.html