MB Bank has launched the financial package for small and medium enterprises operating in garment production, processing and export sector in view of the expected implementation of the Trans-Pacific Partnership (TPP), which is likely to boost Vietnamese textile and garment sector.
Under the scheme, the maximum loan duration would be six months per contract, with flexible disbursement methods, i.e. either cash or bank transfer.
MB Bank would accept finished products, raw materials, machinery, vehicles, real estate and debt claims as mortgage assets from garment enterprises.
The bank said it would approve partial or full unsecured-loan for each group of customers.
Besides loans, the package covers wage payment, guaranteed insurance, foreign currency transactions, and discount of export documents' fees. (RKS)
ALCHEMPro News Desk – India
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