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PVcomBank and Vemanti Group launch digital loans for Vietnam’s SMEs

PVcomBank and Vemanti Group launch digital loans for Vietnam’s SMEs

10 September 2022
| By Invoice Bazaar

The Vietnam Public Joint-stock Commercial Bank (PVcomBank) has launched a pilot digital lending program jointly with the Vemanti Group to cater to SMEs in Vietnam. The pilot program will focus on financing small exporters to the US with short-term loans at competitive interest rates. Both entities will process all loan applications, with approval for new borrowers expected within a week. For return borrowers, the loan application might be processed within 24 hours. This will be done through a digital platform. At the end of the pilot period, the lending program will be available to all SMEs from PVcomBank branches and online banking platforms.

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PVcomBank and Vemanti Group launch digital loans for Vietnam’s SMEs

Related Articles

The transaction banking revolution has only just begun

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

How blockchain-based facilities can close the $2tn global trade finance gap

The Impact of COVID-19 on Trade Finance: A Retrospective Analysis

Innovating Trade Finance for MSMEs

The Future of FinTech: The Technological Revolution in Trade Finance

The Rising Influence of Non-Bank Financial Institutions in today’s market

Impact of Changing Interest Rate Expectations in US & Europe on TF Flows

Trade finance volumes robust as growth slows

Financial market volatility complicates funding environment

The Resurgence of Letters of Credit: A Response to Tightening Liquidity & Rising Interest Rates

Trade Finance Receivables: A Growing Asset Class

Impact of regional US banks’ fallout on Trade Finance: How LC & Open Account Financing fared in the crisis

Trade finance must digitalize to combat fraud

The world’s trading system needs to ditch its paper trail

A new paradigm for global trade

Digital Supply Chain Finance is the future for global economic development & recovery

CRR hit to trade-finance banks should be avoided

Are the current Indian policies with regard to export financing sufficient to beat inflation?

Triterras wins the Singapore SME 500 Award 2023

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