BIDV launches Trade Booming Programme: A Surge of Incentives for import-export Businesses

DNHN - Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) will offer preferential foreign exchange buying and selling rates of up to 170 points, free of charge for up to 10 types of services, along with many attractive incentives.

From now until December 31, 2024, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) will implement the Trade Booming programme with superior policies: preferential foreign exchange buying and selling rates of up to 170 points, free of charge for up to 10 types of services, along with many other attractive incentives.

According to information from the General Department of Customs, the total import-export turnover of the country in 2023 decreased by 6.9%, equivalent to a decrease of 50.25 billion USD compared to the previous year. Exports decreased by 4.6% (equivalent to a decrease of 17.05 billion USD) and imports decreased by 9.2% (equivalent to a decrease of 33.20 billion USD). In the face of major market challenges, Trade Booming 2024 is an outstanding solution designed by BIDV specifically for import-export businesses who want to accompany businesses in overcoming challenges and expanding their reach.

Trade Booming is an incentive programme implemented by BIDV since 2022. The programme is important to help import-export businesses promote international trade connections. Entering its third year, in addition to continuing the incentives that businesses were interested in in the previous two years, BIDV has also implemented a series of new incentives for businesses. In particular, this year the programme has a preferential policy for existing and new customers:

Incentives for existing customers

Free of charge for nearly 10 services within 06 months: Applied to the following fees: Issuance fee, annual fee for the first year of corporate debit cards, corporate credit cards; International incoming transfer fee, Export L/C notification fee/export L/C amendment fee, Export collection document processing fee.

Incentives for new customers

Free of charge for nearly 10 services within 1 year: Applied to the following fees: Account opening/management fee; Issuance fee, annual fee for the first year of corporate debit cards, corporate credit cards; International incoming transfer fee; Export L/C notification fee/export L/C amendment fee; Export collection document processing fee.

Up to 10% discount on cargo insurance premiums for import and export goods at BIC compared to the current premium.

Incentives for all customers

Up to 30% discount on international payment fees on BIDV iBank: Applied to the following fees: International outgoing transfer fee, Trade finance fee (excluding fees paid to third parties, UPAS fee, early payment fee for domestic/export L/Cs).

Preferential foreign exchange buying and selling rates of up to 170 points depending on the currency: Applied to currencies including USD, EUR, GBP, JPY, and KRW.

In addition to Trade Booming, to fully meet the needs of businesses, BIDV also provides other programmes with incentives and incentive packages for both general corporate customers and incentives specifically for businesses in the import-export sector, such as the “SME Champion” programme - incentives for SME businesses, and the “Guarantee Success” programme - incentives for guarantee products. Businesses should explore and enjoy a variety of incentives from BIDV.

To find out more information and participate in the programmes, customers please contact the nearest BIDV branch or call the hotline for corporate customers at 1900 9248.

P.V