The interest rate promotion program with a scale of VND 11,000 billion aims to support small and medium-sized enterprises and micro enterprises to supplement mobile capital, invest in production and business and purchase means of transport. Of which, SHB has allocated VND10,000 billion to provide credit with an interest rate of 6.2%/year to help businesses supplement mobile capital, invest in production and business and VND1,000 billion to lend to the need to buy means of transport with an interest rate of 6.5%/year.
Enterprises with a revenue of less than VND50 billion/year need to meet the need for additional working capital, SHB grants a limit of up to VND10 billion, flexible collateral, lending time up to 12 months, approval time is only within 2 working hours.
Enterprises that need to borrow capital in the form of mortgage of debt collection rights formed from domestic goods/service provision contracts can borrow capital up to 90% of the invoice value.
Import-export enterprises are exempted from or have up to 66 fees reduced, including international payment service fees and account service fees; at the same time, foreign exchange rates are given preferential treatment of up to 150 points applied to foreign currencies, including: USD, EUR, GBP, JPY, KRW.
In addition, from now until the end of March 2025, SHB will implement a program to thank existing corporate customers and welcome new customers. Accordingly, business customers who make first-time transactions at SHB will be exempted from opening a beautiful account number; given 01 voucher to reduce fees/interest rates for loans of VND 500,000 when opening a payment account or using other products and services at SHB.
For existing corporate customers, in addition to being exempted from opening beautiful accounts and free management when registering for a new payment account combo package, customers can be approved for an online unsecured payment limit.
According to SHB's leadership representative, understanding the difficulties that small and medium-sized enterprises and micro-enterprises are facing such as: Limiting cash flow, lacking production and business capital, etc. The bank has implemented preferential interest rate credit programs, while improving processes and designing "tailored" products/servings to suit customer needs.
With the position of TOP 5 largest private commercial banks in Vietnam, SHB is not only a trusted financial partner but also a companion for businesses through development stages, optimization and cost management and increased production and business capacity.
In the 2024-2028 period, SHB is implementing a strong, comprehensive Transformation Strategy based on 4 pillars: Reforming mechanisms, policies, regulations, and processes; People are the subject; Taking customers and the market as the center; Modernizing information technology and digital transformation and steadfastly following the 6 core cultural values "Heart - Trust - Trust - Knowledge - Intelligence - Vision".
The bank sets a strategic goal of becoming TOP 1 Bank in terms of efficiency; Most Favorite Digital Bank; Best Retail Bank and is also the TOP Bank leading in providing capital, financial products and services to strategic private and state-owned enterprise customers, with supply chains, value chains, ecosystems, and green development.
