In the context of public investment continuing to be a "leverage" to promote economic growth, the financial demand of construction contractors is increasing. Grasping this trend, VietinBank has implemented a comprehensive financial solution exclusively for key contractors or joint ventures to implement projects with capital from the central and local state budgets, as well as projects using ODA capital and preferential loans from foreign donors.
Removing the "bottleneck" of collateral assets
One of the biggest difficulties for contractors at present is the issue of collateral when accessing loans. The nature of the construction industry has caused many businesses to face obstacles due to the lack of fixed assets with enough value to make collateral assets. With the motto of accompanying customers, VietinBank implements a policy of only receiving "debt collection rights" from construction and installation contracts as collateral, instead of requiring independent assets such as real estate or machinery and equipment.
This solution helps reduce the burden of collateral assets, opening up opportunities for easier access to capital, especially for small and medium-sized enterprises. This is a step that clearly demonstrates the spirit of "taking customers as the center" in VietinBank's credit activities.
100% exemption from bid guarantee fee Increase competitiveness
Not only providing credit, VietinBank also implements a policy of 100% exemption from bidding warranty fees for qualified contractors. In the context of increasing financial costs, this policy contributes to significantly reducing bidding costs, helping businesses improve competitiveness and expand the opportunity to win bids in key national and local projects.
In addition, VietinBank provides a full range of necessary guarantees for construction and installation such as: contract performance guarantee, advance payment guarantee, construction warranty guarantee, etc., while supporting businesses with payment solutions, cash flow management and consulting on optimal financial solutions for each business.
Reputation and capacity to accompany development
As a leading commercial bank, VietinBank has extensive experience in financing a series of key infrastructure projects across the country, especially projects with budget capital and ODA capital. A wide transaction network, a streamlined credit process and a team of experts specializing in the field of construction and installation are the foundation for VietinBank to commit to long-term cooperation with contractors in all project stages.
VietinBank's comprehensive financial solutions for the public investment construction industry are not only a capital support tool but also a "financial lever" to help contractors speed up and ensure progress for key infrastructure projects.
For more details, businesses can contact the nearest VietinBank branch/transaction office or the Center dedicated to the State Bank: 1900 558 886.
