Thursday, 03/07/2008 11:55

ANZ introduces financing service for local seafood exporters

The Australia and New Zealand (ANZ) Banking Group introduced a service called the “Buyer Warehouse Receipt” to meet the needs of local seafood exporters at a recent seminar held in Ho Chi Minh City.

The measure offers a tailored financing package to support the working capital requirements of Vietnamese seafood companies.

“ANZ’s Buyer Warehouse Receipt assists in the management of working capital cash flow and keeps logistical costs at aminimum by allowing suppliers to consolidate orders and bulk ship and then break bulk cargos at location to minimize security clearance and compliance costs,” Dam Bich Thuy, the CEO of ANZ Vietnam, said at the Vietnam Association of Seafood Exporting and Processing (VASEP) seminar

ANZ said the package is structured into two sections, including the Buyer Warehouse Receipt to support import and the Pre-Export Finance to support export.

In the next stage, ANZ will seek more opportunities to cooperate with other warehouse managing companies in order to extend the Warehouse Financing solution to clients in industries.

Thanhnien

Other News

>   Central bank sets official dong at record low (03/07/2008)

>   State bank sets up complaints hotline (03/07/2008)

>   ANZ gets nod from central bank (03/07/2008)

>   State looks to improve audit process (03/07/2008)

>   Bank director dismissed for collecting fees from borrowers (03/07/2008)

>   Interest rate race continues despite good liquidity (02/07/2008)

>   Bankers not shrinking from current difficulties (02/07/2008)

>   Dong loan demand seen weakening (02/07/2008)

>   ADB President appreciates Vietnam’s efforts (02/07/2008)

>   VN’s price management policies different from other countries: Deputy Minister (02/07/2008)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version