Efficient Supply Chain Finance with practical solutions from BIDV

15/04/2024
With extensive experience in implementing specialized and comprehensive supply chain finance solutions for enterprises across promising/ potential sectors such as animal husbandry, food and beverage, construction materials, telecommunications, chemicals, automotive/electronics, pharmaceuticals, etc., BIDV is prepared to advise on tailored solutions and programs to meet each business's capital needs promptly.

In 2024, the Vietnamese economy shows significant signs of recovery and growth, providing momentum for Vietnamese enterprises to develop domestic supply chains as well as integrate into global supply chains. Supply chain finance is seen as the "golden key" unlocking the connection between Central Enterprises, Distributors, and Suppliers, laying the crucial foundation for efficient and sustainable supply chains. It also serves as a solution to minimize financial costs for enterprises and enhance business efficiency by releasing trapped working capital within the chain, thus facilitating the circulation of goods and cash flow.

Understanding businesses’ demand, BIDV brings forth a set of supply chain finance solutions with tangible benefits to meet the timely working capital needs of enterprises. These solutions not only enable access to capital through preferential credit policies but also support in improving debt management efficiency, thereby fostering partner development and increasing sales volume.

Alongside practical and high-feasibility solutions, BIDV provides the BIDV SCF application, aiming to digitize supply chain finance activities for enterprises. Businesses can easily conduct transactions digitally anytime, anywhere, with transaction processing times shortened due to timely synchronized information among relevant parties. The BIDV SCF application also allows transaction management, credit limits tracking, monitoring of receivables, automated multi-directional transaction reporting, catering to diverse business needs.

BIDV has been accompanying and providing supply chain finance solutions to numerous leading domestic and FDI enterprises nationwide, attracting over 1,500 Suppliers and Distributors, including many prominent brands such as De Heus, Long Son, Orion Vina, Nippon, Honda Vietnam, Mitsubishi, Isuzu, Vatech Vietnam, Toan Luc Paper, Tan Phu Plastic, Mai Vinh Rubber, Southern Gas, Ricons, Dai Dung, Newtecons, Hawee Electrical Mechanical, etc. With these achievements, BIDV has been honored as the "Best Supply Chain Finance Service Provider in Vietnam" by International Finance Magazine. Additionally, it is the only bank in Vietnam selected by the Asian Development Bank (ADB) to collaborate on a Technical Assistance project for developing, designing, and implementing supply chain finance business models.

BIDV also offers various benefits/incentives to corporate clients who are Suppliers or Distributors meeting the requirements for supply chain finance implementation. These benefits include applying BIDV's short-term VND credit packages in 2024 with preferential interest rates, opportunities to enjoy benefits under SME Champion campaigns (for SME Up-Sale customers, customers using digital products, etc.), Guarantee Success campaigns (fee reduction for guarantees/discounted bundled guarantee fees, etc.), promotions for BIDV MasterCard Business and BIDV Visa Business cards, Trade Booming campaigns (SMEs engaged in import-export activities have opportunities for attractive benefits, such as free international money transfers or issuance fee waivers for subsequent L/Cs). Furthermore, enterprises will be exempted from fees for up to 01 year with a range of attractive services including trade finance, international money transfer, import-export cargo insurance, corporate cards, digital banking services, favorable exchange rate offers for up to 170 points depending on the currency type, etc.

For more detailed information on the promotional programs, please contact the nearest BIDV branch or Customer Service Hotline at 1900 9248.

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