Vietnam Joint Stock Commercial Bank for Industry and Trade - VietinBank

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Services Date 01/05/2022 04:33

K-BANKING - KEXIM TRADE LOAN

A Credit Line has been established between VietinBank and the Export-Import Bank of Korea (Kexim Bank) to assist Vietnamese enterprises that are in business with Korean Companies. In particular, Kexim Bank’s Trade Loan Facilities allows access to low-interest loans for those who import goods and services that are made by Korea.


Features of product

  • Goods and Services must be imported from a Korean Supplier or Korea Related Company in a third country
  • Transactions are to be settled in US Dollars
  • Letter of Credit is to be opened to settle the payment
  • Specific payment terms including loan tenor, maximum lending amount is to be discussed between the client and VietinBank
 

Benefits for businesses

  • Finance import transactions at low interest costs
  • Take advantage of rapid administrative procedures in the local environment
 

For more information, please visit Kexim Bank’s website below: https://www.koreaexim.go.kr/site/main/index002
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