With the recovery of the global market, export orders have increased, leading to a significant uptick and positive indicators in Vietnam’s import and export activities. According to the General Statistics Office, in the first five months of 2024, the total import and export turnover reached USD 673.82 billion, an increase of 16.6% compared to the same period last year, with exports increasing by 15.2% and imports by 18.2%.

Anticipating the resurgence in import and export activities, BIDV, within the framework of the Trade Booming 2024 incentive program, continues to introduce new policies and offers for export-import businesses. These measures aim to help customers save on international transfer fees, optimize processing times, and prompt capital turnover, thereby strengthening their competitive advantage in the market.

Free and Simplified International Transfer Documentation

With the new BIDV GLOBAL E-FREE policy, from now until August 31, 2024, businesses will enjoy not only free incoming international transfer fees but also free outgoing international transfer fees when conducted via BIDV iBank electronic banking.

Additionally, priority customs enterprises are provided with simplified international transfer documentation services, enabling businesses to conduct transactions quickly and conveniently without the barriers of complex documentation procedures, thereby saving time and resources.

Up to 100% Fee Reduction and Preferential Interest Rates for Factoring Services

To support and share the costs associated with factoring, BIDV offers up to 100% fee reduction for factoring services.

Besides fee incentives, customers also have the opportunity to enjoy preferential loan interest rates compared to regular loan rates. These incentives help businesses not only save on financial costs but also optimize their capital, facilitating sustainable development.

Alongside the new incentives, the Trade Booming 2024 program maintains existing benefits such as free export LC notifications/amendment fees, export documentary collection handling fees, first-year annual fees for corporate debit card,  corporate credit cards, and reductions on various other fees. BIDV also offers exchange rate incentives of up to 170 points and a 10% discount on import-export cargo insurance fees from BIC.

To support and motivate international trade activities, BIDV hopes that the incentives from the Trade Booming 2024 program will substantially benefit export-import businesses, opening up numerous development opportunities in the competitive international market.

For more information and the applicable conditions of the incentives, please contact the nearest BIDV branch or call the dedicated corporate customer hotline - 1900 9248.