According to studies conducted by international organizations, Vietnam is expected to maintain its position in the Top 20 countries with the most remarkable and stable growth in pharmaceutical industry. In order to facilitate enterprises’ sustainable development in a competitive environment, BIDV announces a financial package solution, which meets comprehensive needs of corporate clients and their distributors in the field of pharmaceutical.

I. Preferential interests

As one of the crucial contributors for the economy’s sustainable development, enterprises in pharmaceutical industry require a great source of working capital for their operations, research, technology and production lines. Understanding the Clients’ need, BIDV has established a preferential credit package for pharmaceutical corporates with a 2% reduction on interest rate compared to the normal rate.

Accordingly, the BIDV’s special credit package gives pharmaceutical enterprises a practical support, which timely provides working capital for its production, business expansion and increase in market shares. All enterprises can easily access funding sources from BIDV with diverse collaterals such as real estate, machinery, collection rights, etc.

II. A response to the Client’s needs

Align with preferential business financing, pharmaceutical enterprises are in need for an easy and stable financial management solution as their business activities involve continuous cash rotation. Responding to such demand, BIDV has been offering a range of products exclusively customized to Clients’ actual needs such as: Working capital financing to perform contracts with medical facilities on providing pharmaceutical supply; Rollover loans; Specialized guarantee policy; Pharmaceutical Supply Chain Financing, etc.

When using the working capital financing to perform contracts with medical facilities on providing pharmaceutical supply, Clients will enjoy a credit support up to 70% of the contract value, which is guaranteed by collection rights arising from such contract. With Rollover loan product, Clients will have a flexible loan period based on their actual needs, which helps to optimize lending costs. With Supply Chain Financing product, BIDV will apply an up-to-10% reduction on the collateral rate compared to normal rate.

In addition to the above typical products, BIDV also provides a range of convenient products and services for enterprises in the pharmaceutical industry such as working capital financing, export contract financing, trade finance, international remittance, term deposit and other incentives for SME Clients.

Furthermore, as BIDV's Clients, agents and employees of pharmaceutical enterprises will enjoy an up to VND 2 billion overdraft loan, a free account opening with lucky number series and a free first-year annual fee. With the deployment of comprehensive package solution and preferential policies for the Clients operating in pharmaceutical industry, BIDV desires to support enterprises in enhancing their competitive advantages, which contributes to their business efficiency as well as the development of the economy.

For further details and supports, please contact BIDV’s 24/7 Call Center 1900 9247 or our nationwide branches.