VietABank issues L/C at the request of the businesses (importers) to commit to immediate payment or within a certain time the value of the L/C to the beneficiary when the beneficiary presents set of documents in accordance with the conditions stated in the L/C.
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Usance paid at sight (UPAS) L/C
UPAS L/C is an effective financial solution to help businesses improve payment, improve cash flows, maintain and expand relationships with foreign partners.
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Import business financing
Are you a business specialized in importing goods to serve production/distribution in the Vietnamese market? VietABank will accompany your business to provide optimal financial services, contributing to the efficiency of your own production and business activities.
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Import collection service
Import collection service is a form of importer authorizing the bank to receive, check and notify about the documents transferred by the exporter's bank and make payment at the request of the exporter.
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Export L/C
VietABank checks the formality of the L/C or amends the L/C contents and informs the business. The set of documents will be checked and guided for correction/discount by VietABank (if needed) and send overseas for payment request.
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Provide category-specific support to export businesses
VietABank provides category-specific financing products with flexible terms and preferential interest rates.
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Discount on export documents
Have you exported your shipment and are waiting for your partner to pay? Are you temporarily short of capital to fulfill the next shipment? Export document discounting helps export businesses actively prepare financial resources at reasonable costs.
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Post-shipment finance to export businesses
VietABank's L/C/export collection products are intended to support businesses to pay input costs and prepare for export as soon as the import partner opens the L/C/sets of documents.
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Export collection service
VietABank, as a collection bank, will transfer your export documents overseas for collection, monitoring, sending reminders, and crediting funds to your account when your partner makes payment.
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Outward overseas funds transfer
Payment for imported goods, service fees, commissions, etc. to partners or customers’ need to repatriate distributed profits, revenue and legal income back to home countries (for foreign investors) will be best met with VietABank's outward overseas funds transfer.
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Inward overseas funds transfer
The partners’ need for payment by telegraphic transfer under export contracts of goods and services of the Customer will be met quickly, safely and effectively through VietABank’s inward overseas funds transfer service.
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