International Finance Corporation (IFC) has teamed up with Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to enable SMEs across Vietnam to access innovative and low-cost financing. It will also allow SMEs to overcome liquidity constraints by funding supply chains and facilitating early cash flows for suppliers and distributors by converting their sales receivables and inventories into immediate cash at a low cost. This collaboration will make it easy for them to foray into new markets, thereby becoming a part of global supply chains. It will also assist HDBank in building up a supply chain financing (SCF) portfolio of US$1 billion by 2025.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.