ECA long-term financing
Benefits for the customers
- Access to long-term capital (financing term can be up to 10 years).
- Long-term loan interest rates are competitive and reasonable.
Features
- VietinBank offers long-term financing to importers based on guarantees and insurance from export-supporting organizations of the exporting country's government (ECA) in Europe, the US, Japan, China, Korea, etc., such as Euler Hermes, SERVE, US Eximbank, JBIC, NEXI, SINOSURE, KEXIM.
Eligibility conditions
- Domestic projects with Imported components from ECA countries or countries approved by ECA; and
- Imported goods that meet ECA requirements (usually machinery and equipment); or
- Domestic projects with benefits from ECA countries (applied to some ECAs);
- Customers are eligible for long-term loans at VietinBank.
- Comply with foreign exchange management regulations, law on anti-money laundering, and regulations by countries.