Recently, Vietnam Joint Stock Commercial Bank for Industry and Trade (BIDV) has partnered with two strategic partners, Smarthub Logistics Technology Joint Stock Company (SLT) and CEH Information Technology Services Company Limited (CEH), to provide superior financial solutions and support businesses within Vietnam’s port ecosystem during their digital and green transitions.
The “Digital Financial Solutions” package comes with a series of incentives aimed at assisting maritime businesses in digital transformation. Specifically, BIDV offers companies capital with preferential interest rates to invest in port operation management software from SLT and CEH, along with preferential collection services and direct connection to the port’s accounting system through BIDV iConnect. Additionally, SLT and CEH are providing BIDV’s customers with fee discounts for using or upgrading software within SLT’s and CEH’s digital ecosystems.
Moreover, BIDV’s “Green Financial Solutions,” with a credit scale of up to 2 trillion VND, will support port businesses in their transition to green operations, aiming to meet the Green Port criteria as per regulations from the Vietnam Maritime Administration and promoting sustainable development goals. Customers can also choose the “Basic Financial Solutions” package with a credit scale of up to 3 trillion VND when seeking to invest in and expand ports and use banking services.
In addition, BIDV is implementing comprehensive preferential policies for port businesses and customers participating in the port ecosystem, such as waiving/reducing account management fees, issuing appealing account numbers, waiving/reducing issuance and annual fees for corporate cards, cashback up to 40% on spending, and enjoying premium privileges for business owners; along with favorable exchange rates for currency purchases and sales (applicable on the BIDV iBank channel).
Notably, import and export customers utilizing port services within the cooperation framework will receive numerous incentives for trade finance services, such as free notifications/amendments for export LCs, fees for processing export documentary collections; up to 30% reduced trade finance fees on BIDV iBank, and up to 20% discounts on issuing tax payment guarantees in import-export operations. These policies not only help alleviate financial pressures but also facilitate port businesses in developing infrastructure and enhancing competitive capacity.
SLT and CEH are two pioneering digital transformation enterprises in the port sector, providing advanced software solutions for port management and operations: specialized port operation solutions (VTOS), electronic ports (ePort), port material management (EMMS), and smart port gateways (SmartGate)…