NCB Empowers Industrial Zone Enterprises with Outstanding Incentives

Amid the growing focus on the development of industrial zone (IZ) models, National Citizen Commercial Joint Stock Bank (NCB) has promptly introduced a superior financial solution to help enterprises operating in IZs overcome challenges, expand production, and achieve sustainable growth.

Enterprises in Industrial Zones: Significant Contributions, Strong Demand for Support

According to the Economic Zone Management Department (Ministry of Planning and Investment), as of the end of July 2024, Vietnam had established 431 industrial and export processing zones, covering a total area of approximately 132.3 thousand hectares. Under the development plan through 2030, Vietnam will see the addition of 221 newly planned IZs, 76 expanded IZs, and 22 with adjusted planning. These zones not only attract significant investment capital but also play a vital role in driving socio-economic development, especially at the local level.

Data from the Vietnam Chamber of Commerce and Industry (VCCI) further shows that enterprises operating in IZs contribute approximately 50% of the country's total export turnover. Their contributions have helped Vietnam shift its trade balance from a deficit, to equilibrium, and ultimately to a surplus, while also generating substantial state revenue. In many provinces, enterprises in IZs account for over 60% of total budget revenue, reaffirming their pivotal role in regional economic development. Additionally, according to the Economic Zone Management Department, IZs have created direct employment for about 4.15 million workers, primarily concentrated in the Southeast region, which accounts for 41.3% of the total IZ workforce nationwide.

NCB Continues to Deliver Superior Financial Solutions for Corporate Clients

Despite these impressive achievements, enterprises in IZs continue to face numerous challenges, especially in terms of capital access. Long-term land lease agreements, ranging from 20 to 50 years, once considered a strategic advantage due to their stability, have now become a financial burden, requiring substantial capital mobilization. Most enterprises struggle to access credit due to specific limitations in acceptable collateral.

'“Steady Mindset, Prosperous Growth” with NCB’s Financial Solution

In support of Vietnamese enterprises, NCB provides optimal and comprehensive financial solutions to address these challenges, enabling businesses to maintain a “steady mindset” and achieve “prosperous growth.”

The solution is specially designed for enterprises operating in IZs, facilitating easy access to capital for investment and development.

Accordingly, NCB meets all capital needs from working capital to fixed asset investment, offering loans of up to 90% of capital requirements at competitive interest rates. This helps reduce financial pressure, optimize operational efficiency, and build a solid foundation for sustainable business growth.

Notably, with this new product, NCB offers flexibility in collateral acceptance, allowing enterprises to pledge property rights arising from land lease/sublease agreements in IZs, with a financing ratio of up to 75%. This not only helps IZ enterprises solve capital access issues but also motivates them to confidently scale up, enhance investment in production, boost competitiveness, and elevate their market position.

In addition to this tailor-made solution for IZ enterprises, NCB is also launching a preferential credit package of up to VND 1,000 billion for small and medium-sized enterprises (SMEs), featuring competitive interest rates and swift disbursement processes.

Specifically, for SMEs requiring short-term capital, the super-preferential package offers immediate funding with interest rates starting from only 6.99% per annum, and a total lending cap of up to VND 800 billion. Meanwhile, enterprises in need of medium- to long-term capital can benefit from loans starting at 7.99% per annum, with a lending cap of up to VND 200 billion. This is an ideal financial lever for businesses to seize opportunities and accelerate growth.

With continuous efforts and modern financial solutions tailored to practical needs, NCB is increasingly becoming the preferred choice for enterprises, affirming its role as a trusted financial partner to the Vietnamese business community.

For more information, please contact any NCB branch/transaction office nationwide or call our Hotline: (028) 38 216 216 – 1800 6166.