SeABank's Corporate Financing Solutions for the Plastics Industry

As part of SeABank’s suite of financial solutions for corporate clients, this financing package focuses on supporting businesses in a key industry. What are the benefits and features of this solution? Find out more in the details below.

What is Plastics Industry Financing?

Plastics industry financing is a tailor-made, comprehensive financial solution designed specifically for corporate clients engaged in the plastics sector. This financing package optimizes support with preferential interest rates, flexible collateral policies, and customized credit structures aligned with industry-specific needs.

Currently, the plastics industry in Vietnam is experiencing positive growth, significantly contributing to the country's import-export activities. However, businesses in this sector still face challenges, such as dependence on imported raw materials, rising input costs, investment in technological advancements, and capital constraints for production line improvements. Additionally, competition from imported products in terms of design and quality creates further difficulties for domestic enterprises.

Understanding these challenges, SeABank has introduced the plastics industry financing policy to meet capital needs and provide financial services tailored to this sector. As a specialized, industry-focused solution, this financing package offers attractive incentives and is well-suited to the unique characteristics of plastics businesses, enabling them to expand and grow sustainably.

Conditions for using business financing products for plastic industry at SeABank.

To qualify for this financing package, businesses must meet the following criteria:

• Operate within the plastics industry: This is the fundamental requirement to access SeABank’s industry-specific financing policy.
• Maintain a strong credit history: Businesses must demonstrate a consistent record of timely and complete debt repayment, a crucial factor in SeABank’s lending decisions.
• Exhibit sound financial health and viable business plans: Strong financial performance and a feasible business strategy help SeABank assess repayment capacity and financial potential.
• Meet collateral requirements: Businesses must comply with SeABank’s collateral policies to secure financing.

SeABank’s Plastics Industry Financing Solution

The plastics industry is a dynamic sector in Vietnam, yet businesses often encounter challenges in accessing capital and expanding market opportunities. To support sustainable growth, SeABank has launched a dedicated financing solution to provide plastics enterprises with stable financial backing, facilitating smoother business operations.

Key features of this industry-specific credit package include:

• Disbursement of up to 100% based on invoice, contract, or purchase order value.
• Discounting of documentary collections up to 100%.
• L/C margin deposit as low as 3% of the L/C value.
• Competitive interest rates.
• Diverse collateral options, including future receivables and inventory such as plastic resins and finished plastic products.
• Streamlined documentation and quick processing.
• Professional advisory services from experienced financial specialists, ensuring optimal financial solutions and superior customer service.

SeABank is actively expanding its Plastics Industry Financing Program with strategic policies designed to help businesses maximize profitability in their production and trading activities.

We hope this information provides valuable insights into SeABank’s plastics industry financing solutions. For further details, please visit our website at seabank.com.vn or contact our hotline at 1900.599.952 for consultation and premium banking services.