The Saigon - Hanoi Bank (SHB) has expanded its 'supporting loan capital - steady long journey' programme from VNĐ11 trillion (US$433 million) to VNĐ16 trillion ($630 million), offering interest rates from 4.8 per cent per year.

 

SHB's credit programme is tailored to meet the unique needs of various industries, particularly small and medium enterprises (SMEs) and micro-enterprises. Photo courtesy of the bank

 

 

The Saigon - Hanoi Bank (SHB) has expanded its 'supporting loan capital - steady long journey' programme, with an increase from VNĐ11 trillion (US$433 million) to VNĐ16 trillion ($630 million), offering interest rates from 4.8 per cent per year.

 

This initiative aims to help businesses in key sectors - including agriculture, forestry, construction, pharmaceuticals, consumer goods, and telecommunications - supplement their working capital and invest in production.

 

SHB's credit programme is tailored to meet the unique needs of various industries, particularly small and medium enterprises (SMEs) and micro-enterprises.

 

For SMEs and micro-enterprises with annual revenues below VNĐ50 billion, SHB offers rapid loan approvals, processing applications within just two hours after collecting customer documentation.

 

Loans can be up to  VNĐ10 billion with terms of up to 12 months.

 

Notably, micro-enterprises can secure up to 90 per cent of the invoice value for debt claims arising from domestic goods and services, with a credit limit of up to VNĐ3 billion.

 

With expedited approval times and streamlined application procedures, businesses can access funds quickly to support their operations. This preferential programme will run until September 2025.

 

For businesses outside the priority sectors, SHB offers additional working capital loans with interest rates starting at 5.8 per cent per year and car loans from 6.5 per cent per year. Recently, following the latest storm, SHB launched a VNĐ2 trillion credit programme with a low interest rate of 4.5 per cent per year to assist affected businesses and individuals in stabilising their lives and restoring production.

 

According to an SHB representatives the bank is committed to providing a range of tailored loan packages to support businesses in overcoming challenges and promoting sustainable development, in line with government and central bank initiatives.

 

In addition to competitive interest rates, SHB is enhancing its digital transformation efforts to improve customer experience. The SHB corporate online platform allows businesses to manage cash flow, revenues and pay bills efficiently. The newly designed SHB corporate mobile app offers a user-friendly interface, enabling customers to approve transactions anytime, anywhere.

 

These initiatives are part of SHB's commitment to upgrading the customer experience in the digital age. VNS

 

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