VietinBank launches 50 trillion VND credit program for SMEs

VietinBank is implementing new credit initiatives to support small and medium-sized enterprises (SMEs) in Vietnam. To address critical issues such as capital costs and approval times, the bank has introduced fast-track loan processing and extended credit limit maintenance periods from 12 to 24 months.

A major credit program totaling 50,000 billion VND has been launched, offering interest rates 1% lower than standard rates for the same term. This program aims to help businesses and individuals access affordable capital to expand production and investment. Additionally, the bank is offering more flexible collateral policies, including the use of highly liquid assets, real estate from contributing members, or new company vehicles, to help SMEs overcome traditional financing bottlenecks.