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.
