Accepting the “debt claim right” from construction contracts as collateral, VietinBank is pioneering in building breakthrough policies to support public investment construction contractors to easily access cheap capital from the Bank.
VietinBank launches comprehensive financial solutions for public investment construction contractors |
In the context that public investment continues to be the “lever” to promote economic growth, the financial needs of construction contractors are increasing. Grasping this trend, VietinBank has deployed a comprehensive financial solution specifically for main contractors or joint venture contractors implementing projects funded by the central and local state budget, as well as projects using ODA capital and preferential loans from foreign donors.
Untie the "bottleneck" of collateral
One of the biggest difficulties for contractors today is the issue of collateral when accessing loans. The nature of the construction industry makes it difficult for many businesses to obtain fixed assets of sufficient value to serve as collateral. With the motto of accompanying customers, VietinBank implements a policy of only accepting "debt collection rights" from construction contracts as collateral, instead of requiring independent assets such as real estate or machinery and equipment.
This solution helps reduce the burden of collateral, opening up opportunities for easier access to capital, especially for small and medium 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 Bond Fee – Increase Competitiveness
Not only providing credit, VietinBank also implemented a policy of 100% exemption of bid bond issuance fees for qualified contractors. In the context of increasing financial costs, this policy contributes to significantly reducing bidding costs, helping businesses improve their competitiveness and expand their chances of winning bids in key national and local projects.
In addition, VietinBank provides all types of guarantees necessary 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.
Prestige and capacity go hand in hand for development
As a leading commercial bank, VietinBank has extensive experience in financing a series of key infrastructure projects across the country, especially projects funded by the state budget and ODA capital. A wide transaction network, streamlined credit processes and a team of experts specializing in the construction field are the foundation for VietinBank to commit to long-term cooperation with contractors in all stages of the project.
VietinBank's comprehensive financial solution for the public investment construction industry is not only a capital support tool but also a "financial lever" to help contractors speed up and ensure progress for key infrastructure projects.
Quynh Mai
Source: https://congthuong.vn/vietinbank-ra-mat-giai-phap-tai-chinh-toan-dien-cho-nha-thau-xay-lap-dau-tu-cong-390584.html
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