NCB Bank Accompanying Manufacturing Enterprises to Accelerate in 2024

DNHN - National Citizen Bank (NCB) assists manufacturing firms in obtaining a convenient source of loan capital through competitive interest rates, attractive incentives, a straightforward dossier, and fast processing times.

Complete support for enterprises to boost manufacture and business

In 2023, the Government and ministries, sectors and localities have actively implemented many measures and policies to help enterprises stabilise and develop production such as continuing to extend the policy of reducing VAT by 2% for enterprises and production and business households until mid-2024, reducing lending interest rates, simplifying loan procedures, etc. Along with the economic recovery, in 2023, the whole country had 159,294 newly registered enterprises (according to the figures of the Department of Enterprise Registration - Ministry of Planning and Investment), an increase of 7.2% compared to 2022; the number of enterprises returning to production and business activities also increased significantly, reaching 58,412 enterprises.

Implementing the Government’s policy of directing credit capital into production and business sectors, priority sectors and growth drivers of the economy, right from the beginning of the new year 2024, some commercial banks have launched flexible credit packages suitable for each segment. Which, National Citizen Bank (NCB) implements many attractive policies exclusively for manufacturing enterprises with competitive interest rates, incentives for secured assets, simple dossiers and quick processing time. Thereby, comprehensively meeting the needs of many manufacturing enterprises in accessing resources to develop and improve business performance before the new year.

Superior policies, meeting a diversity of credit requirements

Accordingly, NCB’s corporate customers will be able to borrow for production and business with a preferential interest rate of only 8%, flexible loan terms and credit granting methods, suitable for borrowing. NCB also provides an overdraft limit of up to 2 billion VND, allowing enterprises to use capital directly from the unit’s account to serve production and business activities without having to make a disbursement request.

In addition, to maximise working capital for enterprises, ensuring a smooth and rhythmic production and business flow, NCB also allows customers to borrow up to 95% of the value of secured assets. The issue of operating costs for enterprises operating in the manufacturing sector is also given an optimal solution by the bank with a non-secured loan limit for salary payments of up to 1 billion VND.

At the same time, NCB’s corporate customers also receive many other incentives and privileges such as 100% exemption of Internet Banking, SMS Banking services, 24/7 electronic tax payment fee, and 24/7 customs tax payment fee.

NCB’s diverse, flexible and practical policies not only support enterprises in seizing business opportunities, and reducing financial burdens but also demonstrate NCB’s commitment to accompanying enterprises in the context of the market still facing many challenges.

Previously, NCB continuously implemented incentive programmes to accompany enterprises in recovering and accelerating business, which were highly appreciated and trusted by the business community such as “Transfer money leisurely - Same price everywhere” to support money transfer fees for import-export enterprises or “Open golden incentives - Open thousands of payments” with incentive combos for international payment fees, etc.

In 2023, the bank also put into operation the digital bank NCB iziBankbiz, which is specially designed for corporate customers with 2 versions of Internet Banking on the browser and Mobile Banking on the phone (iziMobiz application). NCB iziBankbiz digital banking service allows users to easily operate and experience consistently on all devices, helping businesses digitise financial management, reduce the burden of operating resources and create motivation to promote business.

Constantly innovating and upgrading, digitising products, services and programmes for corporate customers, NCB is increasingly affirming its role as an active companion in the revival and acceleration of the Vietnamese business community. At the same time, continuously improving competitiveness, catching up with trends and effectively contributing to the development of the economy.

Ha Vy