In actualizing the commitment to accompany and bring effective financial and utility solutions, Saigon – Hanoi Bank (SHB) has just launched a product package to sponsor import – export enterprises to /from member countries of the International Bank Economic Cooperation (IBEC). With diversified forms of credit, high and flexible financing rate, SHB’s sponsorship package will help enterprises to ensure business capital needs, boost production activities, and contribute to enhancing prestige and the position of the business in trade negotiations.

Accordingly, from September 28, 2018, SHB has provided a sponsorship package exclusively for corporate customers with import and export activities to/from IBEC member countries including: Russia, Bulgaria, Mongolia , Poland, Romania, Slovakia, Czech and other members with funding ratio up to 90% of capital needs.

Besides, SHB also provides free consultant service and design for financial, product and service solutions; designing suitable financial solutions to meet the needs of each customer with preferential service fee: free account opening, free maintaining /managing accounts, reducing money transfer fees, international payment fees, consulting fees & handling of export documents, valuation fees & warehouse management, early repayment fees … With various forms of credit such as: short-term loans by item or by credit limit, issuing guarantees, issuing letters of credit, SHB wishes to accompany and provide customers with appropriate, flexible and effective financial solutions.

IBEC is one of the two international financial partners in Russia that signed comprehensive strategic cooperation with SHB within the framework of the official visit to Russia by Vietnam’s Secretary General Nguyen Phu Trong and Vietnam’s high-level delegation. In this visit, Secretary General Nguyen Phu Trong and Russian President Vladimir Putin witnessed the ceremony of awarding the credit frame agreement between SHB and IBEC. Under the agreement between the two parties, IBEC will issue loans to SHB with an initial limit of 20 million Euro to carry out international payment transactions, trade finance, import and export transactions among IBEC member countries, foreign exchange operations, capital mobilization, co-financing and guarantee activities for mutual interest projects.

Right after the cooperation ceremony, SHB rapidly implemented a sponsorship package exclusively designed for corporate customers with import and export activities to/from IBEC member countries. This is the first step to concretize the commitment of SHB in being willing to accompany with enterprises, opening up development opportunities, promoting bilateral cooperation between Eastern European countries and Vietnam.

With sales revenue from trade financing amounting to USD 5 billion / year, SHB has affirmed its strong position among the leading trade finance banks in Vietnam. With over 1,000 correspondent banks globally, SHB has a great advantage in providing payment services to customers in different regions of the world. SHB’s reputation has been enhanced globally through prestigious partnerships with major partners such as Well Fargo NA, Bank of New York Mellon, Deutsche Bank, Sumitomo Banking Corporation, ICBC, IIB, IBEC… Besides, SHB’s huge network of more than 500 transaction points in Vietnam, Laos and Cambodia also plays an important role in serving customers in a timely and convenient manner.

In addition to traditional Trade Finance products such as import LC, export LC; import collection; export collection, SHB also provides customers with other products such as discount for export goods, factoring and risk protection. With credit limits granted by domestic and foreign banks, as well as credit limits granted by the Asian Development Bank (ADB) in the Global Trade Finance Program (revolving credit and trade financing limits), SHB can arrange LC financing for a large number of customers. In addition, the bank has always focused on improving service quality, especially on simplifying procedures and continuously improving technology. In 2017, SHB became an official member of the ICC International Maritime Bureau (IMB), helping the bank verify the information related to the shipment … The above elements have helped SHB achieve great success in the field of trade finance sector as well as providing a solid basis for further development in the coming years.

With continuous efforts to provide customers with diversified, rapid, transparent and effective financial solutions, in recent years, SHB has repeatedly achieved many prestigious awards with high appreciation from international organizations in trade financing. Recently AlphaSea Magazine honored SHB as the best trade financing bank in Vietnam in 2018. Asian Banking and Finance awarded the “Best Trade Financing Bank” to SHB for several years previously…