Invoice Bazaar Blog

PVcomBank and Vemanti Group launch digital loans for Vietnam’s SMEs

By Invoice Bazaar | September 10, 2022

The Vietnam Public Joint-stock Commercial Bank (PVcomBank) has launched a pilot digital lending program jointly with the Vemanti Group to cater to SMEs in Vietnam. The pilot program will focus on financing small exporters to the US with short-term loans at competitive interest rates. Both entities will process all loan applications, with approval for new borrowers expected within a week. For return borrowers, the loan application might be processed within 24 hours. This will be done through a digital platform. At the end of the pilot period, the lending program will be available to all SMEs from PVcomBank branches and online banking platforms. 

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