BAC A BANK: Deploying a special incentive program to help businesses in the Construction industry confidently break through
North Asia Commercial Joint Stock Bank (BAC A BANK) has officially launched a special incentive program for corporate customers in the Construction industry. With the desire to bring superior and comprehensive solutions to meet customers' financial needs, the program lasts from now until the end of 2025, helping construction enterprises optimize production and business costs, while proactively managing cash flow.
Many optimistic signals for the construction industry
Construction is a highly cyclical economic industry, influenced by growth rates and investment flows. Survey results published by Vietnam Report at the end of the first quarter of 2025 show that 65.4% of businesses believe that the economic recovery with a growth target of over 8% will create favorable conditions for the construction market to become vibrant in 2025, especially at the end of the year, when the demand for infrastructure development is always high.
2025 is also the year marking the completion of the medium-term public investment plan for the period 2021 - 2025, coinciding with the completion progress of many key projects. Therefore, this is considered the "drop point" for public investment capital to accelerate disbursement, infrastructure to have a breakthrough, especially in the fields of transportation, energy, civil construction, etc.
At the same time, the context of shifting global supply chains continues to strengthen Vietnam’s position as an attractive destination for foreign direct investment (FDI). This trend opens up many opportunities for projects to build industrial parks, factories, warehouses and supporting infrastructure systems – adding “bright colors” to the overall picture of the construction industry in general and construction materials in particular.
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According to experts, the merger of ministries and sectors creates a combined strength, the "heating up" of the real estate market, the improved legal environment with increased licensing of many projects... is the lever to help construction enterprises "regenerate", enter a new development cycle after a difficult period, when a series of projects were stalled, market confidence weakened.
Grasping the market situation, Bac A Commercial Joint Stock Bank (BAC A BANK) officially launched a special incentive program for corporate customers in the Construction and Installation industry, meeting the overall and specific needs of businesses. Corporate customers who are main contractors, subcontractors or members of joint venture contractors that meet the conditions of BAC A BANK can participate in this product.
With the goal of accompanying businesses in the Construction and Installation industry to seize opportunities to transform, conquer challenges and complete business goals, the incentive program has provided a comprehensive solution - from the need to issue guarantees to loans to serve the bidding package/project.
Solid Guarantee - Committed to accompanying businesses
Regarding guarantees, BAC A BANK issues preferential policies such as: Issuing unsecured guarantees for bid guarantees, warranty guarantees and applying flexible rates to the remaining types of guarantees; Guarantee issuance fees are reduced by up to 50% compared to BAC A BANK's current fee schedule; Releasing 100% of advance guarantee money with additional document period up to 06 months.
Becoming a customer of BAC A BANK, businesses have the opportunity to experience a diverse product ecosystem and enjoy many privileges to help save costs and optimize operational efficiency. Customers experiencing services at BAC A BANK for the first time will receive many attractive incentives such as: Free use of Internet Banking, Mobile Banking, SMS Banking, money transfers within and outside the system, ...
Project companion - Financial peace of mind
To meet the capital needs in production and business activities for many diverse purposes such as: Payment of construction material costs, labor costs, costs of renting/repairing machinery and equipment, costs of leveling, breaking the ground, building camps, transportation, costs of purchasing components, raw materials for construction activities, costs of paying subcontractors and other reasonable costs, BAC A BANK applies extremely competitive preferential policies with short-term interest rates from only 5%/year to support contractors to confidently focus resources to complete the project on schedule, no longer worrying about lack of capital or interruption of cash flow during construction.
In addition, BAC A BANK also accepts secured assets as existing Debt Claims and Future Debt Claims with a loan ratio of up to 80% (of the value of the Collateral), applicable to corporate customers in the Construction and Installation industry who need to borrow capital as well as issue guarantees.
With this special incentive program, BAC A BANK promises to actively support businesses to promote production and business activities, enhance reputation and position in the market. In addition to simplifying administrative procedures and prioritizing quick processing time, BAC A BANK focuses on developing a team of dedicated, experienced specialists, ready to advise customers on suitable financial solutions.
All of this once again affirms BAC A BANK's efforts in building and consolidating its position as a sustainable, long-term, and trustworthy financial partner, committed to accompanying corporate customers on every development journey.
For more detailed information about the program, please visit the Websitewww.baca-bank.vn, contact BAC A BANK branches/transaction offices or Customer Care Center 1800 588 828.
