On May 9, 2025, Ngân hàng Thương mại Cổ phần Quốc Tế Việt Nam (VIB), Công ty Cổ phần Giải pháp Thanh toán Việt Nam (VNPAY), and Visa announced a significant collaboration to launch a comprehensive financial and digital solution aimed at supporting small and medium-sized enterprises (SMEs) in Vietnam. This initiative is designed to enhance operational efficiency, optimize payment processes, and promote sustainable growth among Vietnamese businesses.
The comprehensive solution comprises three main components. VIB will provide a suite of products tailored to meet the diverse needs of businesses regarding capital sources, cost management, and efficient payment solutions. These products include the VIB Business Card, the VIB Business Loan, and VIB Business digital banking services. Each of these offerings is crafted to address the unique financial challenges faced by SMEs.
One of the standout features of the VIB Business Card is its flexibility. It offers two exceptional options: a lifetime annual fee waiver along with a credit limit of up to 1 billion VND and an interest-free period of up to 58 days, or unlimited cashback on all expenditures. The card also integrates various convenient features, such as direct payments from linked accounts and customizable billing dates, making it a powerful tool for business management.
In addition to the VIB Business Card, the VIB Business Loan stands out with a maximum loan limit of up to 150 billion VND, a competitive interest rate starting from 6.7% per annum, and a lending ratio of up to 90% of the secured asset's value. This timely and ample funding allows businesses to be proactive in their operations and seize market expansion opportunities.
Visa's Business Payment Solution (BPSP) on the VNPAYB2B platform further enhances the offerings. It enables VIB cardholders to make payments to any payment account, even if the receiving business has not yet activated card acceptance features. This capability improves cash flow and enhances expenditure control, reducing operational burdens through streamlined digital processes.
Moreover, VNPAY Invoice and VNeDOC provide innovative solutions for managing electronic invoices and digitizing contracts. These tools help businesses optimize their operations by ensuring compliance, enhancing security, and significantly reducing costs associated with paper invoices. With VNPAY Invoice, companies can efficiently issue, send, manage, and report electronic invoices, ensuring high security and rapid processing.
Dang Tuyet Dung, Director of Visa Vietnam and Laos, emphasized the importance of this partnership, stating, "The collaboration with VIB and VNPAY brings a powerful financial and digital solution that meets the specific needs of businesses. By providing advanced payment technologies and effective financial tools, we aim to empower SMEs to thrive in the digital age, optimize operations, and contribute to Vietnam's economic prosperity."
Ho Van Long, Deputy General Director of VIB, highlighted the pivotal role of SMEs in Vietnam's economy and the significant challenges they face regarding access to capital and financial management. He stated, "Understanding the critical role of SMEs in the Vietnamese economy and the significant challenges they face in accessing capital and managing finances, VIB has designed a comprehensive financial solution to accompany and bring optimal benefits to the SME community. This is an integrated financial product ecosystem, encompassing everything from unlocking capital sources and optimizing cash flow to supporting digital transformation, helping businesses save time, costs, and enhance management efficiency and competitiveness for sustainable development in the new era."
Tran Manh Nam, Director of the Enterprise segment at VNPAY, remarked, "Digital transformation is a quick, efficient lever for SMEs. VNPAY's technology platform, with solutions such as VNPAY Invoice, VNeDOC, and VNPAYB2B, plays a crucial role in digitizing core business operations. Integrating these solutions into VIB and Visa's financial ecosystem will create a synergy that helps SMEs realize their digital transformation comprehensively and effectively."
This comprehensive financial and digital solution from VIB, Visa, and VNPAY, along with the upcoming initiatives from the bank, is specifically designed for SMEs and is expected to become a vital ally in helping Vietnamese businesses overcome challenges. It aims to optimize all operations from financial management, cost control, sales, to internal operations, thereby laying the groundwork for robust and sustainable growth in the new era.
With this collaboration, VIB, VNPAY, and Visa are setting a new standard for financial solutions tailored to the unique needs of SMEs in Vietnam, fostering an environment where these businesses can thrive and contribute significantly to the country's economic landscape.
