With authorization from Corporates, VietinBank sends documents overseas for collecting, monitoring and reminding of payments.
Product benefits
- VietinBank will finance the Exporting party (Exporter) to buy input materials for production and business activities (Business). Corporate customers will receive funds for their business upon securing a business contract;
- The Exporter will present VietinBank with exporting and request discounting. After reviewing the export documents and current discount conditions, VietinBank will advance payments for the Exporter, then, send documents to the collecting bank. The discount is made on the basis of full recourse to the Exporter. With this arrangement, the Exporter receives advances from VietinBank after the delivery instead of waiting until the payment of the full documents.
