SeaBank offers new letter-of-credit service

SeaBank has launched a product known as L/C UPAS (Letter of Credit Usance Paid at Sight) for local importers.

L/C UPAS is an international payment tool issued by the bank with a low interest rate for deferred payment. With this product beneficiaries will be paid on sight by the bank.

Importers who want to open an L/C may implement deferred payments of up to 180 days.

vietnamnews

>   HSBC launches home loan promotion (25/08/2012)

>   Capital markets lack sufficient transparency (25/08/2012)

>   Stable interest rates help businesses survive (24/08/2012)

>   Bidv spares 10tr dong for short term loans at 9pct/yr (23/08/2012)

>   How did Nguyen Duc Kien get rich with fake projects? (23/08/2012)

>   Life insurers offer new intergrated products (23/08/2012)

>   $9.7 bln in NPLs – alarming, but not frightening: SBV governor (22/08/2012)

>   Kien’s arrest costs c.bank $240 mln in liquidity aid (22/08/2012)

>   State Bank Governor answers questions on bad debts (22/08/2012)

>   ACB sets aside VND5 trillion for property loans (22/08/2012)