SHB bank launches financial solution package for foreign-invested enterprises

Saigon Hanoi Commercial Joint Stock Bank (SHB) has launched a financial solution package for foreign-invested enterprises (FIEs) with outstanding incentives, quick procedures, and simple documentation.

As an SHB customer, FIEs will receive cards denominated in Vietnam dong (VND) and foreign currency accounts with lucky digit numbers.

Additionally, they will enjoy free domestic money transfers at the SHB counter and via its e-banking system; free inbound international transfers; up to 90% off for outbound international transfers; up to 75% off for import letter of credit charges; and exempted/reduced international payment fees.

These incentives will apply to all transactions. Moreover, the bank offers competitive exchange rates and favorable procedures for foreign currency transactions.

Under the package, FIE customers using SHB accounts for salary payments via its internet banking system will enjoy completely free transactions both within and outside the system.

Additionally, SHB offers FIE employees a range of attractive incentives when they open an SHB account, such as credit card issuance and unsecured loans worth up to 20 times their income, with a total limit of up to VND500 million ($19,640), along with free SMS notification services and ATM withdrawal fees.

“With a customer and market-centric approach, SHB provides a variety of modern financial and banking services to best meet customer needs,” a representative of SHB said.

“Acknowledging the importance of FIEs to the economy, SHB designs products and solutions tailored to the needs and operating models of businesses. We also build professional employees, equipped with financial knowledge and fluent in multiple languages, to best support our customers,” the representative added.

In addition to account and transaction incentives, SHB Corporate Online, with its advanced digital solutions, serves as an effective tool supporting customers, including FIEs, in managing cash flow management, business operations, and foreign exchange transactions swiftly and conveniently.

SHB’s outstanding products and services have earned customer trust over time, including domestic/international payment services, foreign exchange transactions, loans/guarantees, and commodity/forex derivatives.

After more than 30 years of development, SHB has consolidated its position as a leading financial institution in Vietnam with regional and international footprints. The bank said it aims to become a reliable partner, providing appropriate solutions and always accompanying individuals and businesses for national development.