Aiming to offer customized and effective financial solutions to customers, at the 7th membership meeting of Vietnam Plastic Association (VPA) – 4th tenure, Techcombank introduced its loan product dedicated to enterprises in plastics industry with outstanding and competitive benefits in the market. Also at this event, Techcombank’s market analyst provided additional information on macro-economy, market fluctuations and exchange rate projections until end of 2014.
In the past 10 years, the plastics industry has sustained a positive growth, particularly in the field of export and is one of ten industries prioritized by the State. However, the plastics industry still faces many difficulties such as dependence on imported raw materials, increased input costs, competition against imported products in terms of design, quality, requiring more investment and improvements in technology, production line, etc. Against this backdrop, it can be seen that businesses’ demand for capital is huge, especially small and medium enterprises because they face difficulty in borrowing loans due to their collateral limitations and low market value, etc.
Understanding such needs, Techcombank developed a loan product dedicated to the industry enterprises. This is a all-in-one financial product that will help meet the demand for working capital and financial services to enterprises producing and trading in plastic products and materials. The product is really competitive in the market that finances plastics enterprises with special features, suitability and attractive benefits:
- Businesses can mortgage 100% plastic beads as collateral;
- Loan to value up to 100%;
- Interest rate choice.
In addition, Techcombank also issues flexible policies and offers other attractive benefits to ensure timely funding to businesses: Collateral flexibility (including plastic beads, real estate, debt claims, etc.); one of the banks which offer highest export document discounting ratio up to 98%; Deposit ratio for L/C opening at 3% only with a view to helping businesses maximize their cash flows; Cash management fee reduction up to 50%; The more deals, the more benefits for businesses; Simple, clear documents convenient for businesses.
In addition to other industry-specific products, the loan for plastics enterprises is really an effective financial solution that helps meet actual demands for capital and financial services, tailored to specific conditions and characteristics of the industry in a flexible manner.
Contact person
Ms. Do Dinh Bao Ngoc
External Communication –Techcombank
Email: ngocddb@techcombank.com.vn
Mobile: (+84) 908415888
