VietinBank provides the payment factoring for domestic Corporates who need to manage, collect receivables, receive advance and payment guarantee for deferred receivables less than 180 days.
Currently, VietinBank offers 2 types of domestic seller/buyer single factoring:
- Domestic seller/buyer single factoring with buyers' financial risk guarantee;
- Domestic seller/buyer single factoring without buyers' financial risk guarantee.
Product benefits
For buyers:
- Convenience in buying goods with deferred payment terms.
For sellers:
- Receiving advances from VietinBank right after delivery rather than at payment date;
- Increase in the sellers’ competitiveness with the capacity to meet the deferred payment needs of buyers;
- Time saving on tracking and management of receivables, which will be transferred to bank experts and Customers can focus on production and business activities;
- Eliminated/ reduced risk of non-payment from buyers.
