NCB solves medium-term capital problem for businesses

National Citizen Commercial Joint Stock Bank (NCB) has just launched a flexible medium-term business loan program for corporate customers with competitive interest rates, creating a solid foundation for businesses to develop production and create business momentum in the new year.

Businesses seeking medium-term capital

According to data from the General Statistics Office, in the first 10 months of the year, the whole country had more than 202.3 thousand newly registered and returning to operation, an increase of 9.1% over the same period in 2023, higher than the number of businesses withdrawing from the market.

However, the capital scale of newly registered enterprises reached nearly VND 2,613.1 trillion, down 4.7% compared to the same period in 2023, reflecting the cautious mentality of enterprises in investing in production and business activities as well as the difficulties in accessing credit that still exist. The average registered capital of a newly established enterprise reached VND 9.6 billion, up 2.2% compared to the same period in 2023 but still lower than in the years 2017–2022.

Many enterprises hope to borrow flexible business capital in the medium term

After a difficult time helping the enterprise survive the pandemic and market fluctuations, Mr. Huynh Van Phat, owner of an agricultural processing company in Hai Duong, expressed his concerns about not finding a suitable loan solution to confidently seek large orders, especially when a new business year is approaching.

“To implement projects to supply large sources of goods to partners, businesses still have to depend on bank capital. In fact, we hope to borrow medium- and long-term capital to calculate larger business plans, as well as to feel secure going forward,” said Mr. Phat.

Like Mr. Phat, Ms. Vu Thi Hoa, owner of a packaging manufacturing business in Hung Yen, also hopes to receive capital for long-term investment activities, to buy more equipment, and to expand production facilities from the beginning of next year.

“We expect capital from banks to create momentum for businesses in 2025,” stated Ms. Hoa.

NCB solves the problem of accessing capital

Accompanying businesses in the context of a challenging market, NCB has launched the program "Flexible Incentives - Sustainable Development" specifically for businesses in need of additional medium-term capital for production and business, with interest rates starting from only 7% per year and loan terms up to 60 months.

NCB's credit package helps businesses reduce financial burdens and take steady steps in business

In particular, NCB flexibly and diversely finances loan purposes and actual needs of businesses, from investing in machinery, equipment, and production lines to serve business activities to building and repairing offices, expanding production, finding new markets, and new fields, etc. Depending on the needs and financial capacity, businesses can choose a suitable loan option and enjoy attractive interest rates accordingly: 7%/year for the first 12 months or 8%/year for the first 24 months. The program is applicable until December 31, 2024.

By participating in this product, NCB's institutional customers also enjoy a series of outstanding policies such as a flexible repayment period according to the business cycle, quick credit approval procedures, etc. This reduces the pressure on cash flow, enables the implementation of long-term business plans with confidence, and maximizes the potential to increase revenue and profit.

Accompanying businesses in the recovery process after the double crisis, NCB has continuously provided financial solutions, proactively providing credit capital for the economy, serving production and business activities, and focusing on the three main growth drivers: consumption, investment, and export. Businesses in the process of developing production, business, and international cooperation have trusted and chosen the numerous superior solution packages that NCB has tailored for each industry and scale of operation. Unsecured loans up to VND 10 billion are available for distributors of fast-moving consumer goods (FMCG); credit solutions for businesses putting together bid packages with money from the state budget (ODA); and the flat-rate money transfer program, which helps businesses save a lot of money while making international transactions more efficient.

Offering useful financial tools and a range of useful incentives from NCB not only helps build trust and motivates businesses to grow their production, but it also shows that the bank is a close partner of the Vietnamese business community.

NCB stated that in the near future, the bank will persist in offering financial solutions closely aligned with the life and growth of enterprises, assisting them in overcoming challenges and ensuring a seamless and harmonious production and business process. Simultaneously, advocate for the enhancement and digitization of products and services, providing diverse experiences and augmenting benefits for corporate customers while generating 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 (028) 38 216 216 - 1800 6166.