For Buyers:

• It is easier to purchase goods on deferred payment.
• Save operating costs through bank cooperation to manage receivables, payables, and cash.
• Strengthen relationships between customers and suppliers, ensuring stable supply and reasonable pricing policies.

For Sellers:

• Get advance payment from VietinBank immediately after delivery instead of waiting until the payment date;
• Increase competitiveness for sellers by meeting buyers' deferred payment needs;
  Reduce/eliminate risk of non-payment from buyers.

• VietinBank (the factoring party) advances payment to the seller on behalf of the customer who is the buyer by purchasing the receivable. The buyer is responsible for repaying the advance payment to VietinBank as agreed.
• VietinBank provides buyer factoring services for domestic enterprises that need to manage and advance payment of payables with a remaining deferred payment period of less than one year;

• Customers are granted factoring limit at VietinBank.
• Domestic buyers purchase goods by deferred payment method TTR, open account or D/A. The remaining deferred payment period is less than 1 year.
• Comply with foreign exchange management regulations, Anti-Money Laundering Law, and comply with regulations by countries.