NCB launches financing solution for FMCG businesses

Recognizing the requirements of FMCG enterprises during the peak season, National Citizen Commercial Joint Stock Bank (NCB) has introduced a specialized solution offering unsecured financing of up to VND10 billion, enabling distributors and business households to enhance year-end revenue.

Fast capital injection, additional provisional loan limit of up to VND10 billion

In November and December, the number of exported items frequently doubles; hence, short-term finance is essential for us to proactively secure orders and plan for production, said Mr. Huu Binh, owner of a Nha Trang bird's nest distribution company.

Despite his expectations and preparations to secure funding immediately following the Vu Lan festival, Mr. Binh disclosed that he only truly felt relieved upon obtaining preferential financing through NCB's FMCG business program earlier this month. This solution, developed by NCB, is tailored for businesses and distributors of fast-moving consumer goods, such as essential foods, beverages, healthcare products, functional foods, and cosmetics. It assists these enterprises in swiftly augmenting financial resources and seizing business opportunities during the peak shopping season at year-end, when consumer demand escalates.

NCB's financing program meets the specific capital needs of FMCG businesses at the end of the year

Through this finance solution, NCB addresses diverse customer requirements and credit objectives, including lending, providing reserve credit limits, and offering payment guarantees. NCB offers unsecured finance for loan purposes, with amounts reaching up to VND 10 billion, thereby facilitating firms in capital acquisition, enhancing inventory capacity, and advancing supply chains and distribution routes to deliver products to consumers.

Additionally, NCB has enhanced the credit granting procedure to be streamlined and effective, reducing document processing time and providing convenience to customers from the loan request stage to approval and capital disbursement.

FMCG companies at NCB are allocated an additional reserve loan limit for seasonal business reasons of up to VND 10 billion, addressing the particular capital requirements of products with short life cycles, substantial quantities, and rapid consumption rates.

The program is applicable to level 1 distributors with revenue of VND 50 billion or greater, as per the latest financial report, and to secondary agents or distributors with revenue of VND 10 billion or more.

Payment guarantee, business support

Alongside adaptable and pragmatic lending policies, NCB implements payment guarantee services, assisting FMCG enterprises in bolstering their reputation and competitiveness in the marketplace. Consequently, while obtaining payment guarantees from NCB, enterprises can benefit from a credit ratio of up to 70% of the guarantee amount, accompanied by minimal documentation and expedited processing times. Subsequently, it is more advantageous to enhance collaborative connections with major suppliers and manufacturers, mitigate transaction risks, and prevent supply chain disruptions.

NCB continuously implements incentive programs, giving momentum to businesses to recover and accelerate business

The exemplary policies of NCB serve as a timely intervention, fostering development momentum for distributors amidst several market constraints while also illustrating the bank's active support and strong affiliation with the Vietnamese business community.

Recently, NCB has consistently executed incentive programs that invigorate businesses to recover and expedite operations, garnering significant appreciation and trust from the business community. These initiatives include policies tailored for enterprises engaged in bidding packages funded by the state budget and ODA, offering up to 90% coverage of working capital requirements to assist contractors in meeting deadlines, as well as a complimentary money transfer program designed to help businesses minimize expenses and optimize international transactions.

NCB stated that it will persist in introducing financial solutions that are intricately aligned with the life and growth of enterprises, precisely tailored for each industry and operational size. This provides a distinct experience and enhances benefits for corporate clients, aiding in recuperation, economic growth, and boosting value for the community.

* For more detailed information, program rules, and other attractive incentives, customers can refer to the NCB website, https://www.ncb-bank.vn/, contact NCB transaction offices/branches nationwide, or call the hotline at (028) 38 216 216 or 1800 6166.