Factoring is a type of credit granted to the seller by repurchasing the receivables arising from the goods sale as agreed between the seller and buyer in the sale contract.

For the seller:

Improve cash flow, increase the liquidity.
Increase sales volume thanks to the policy of sales on credit.
Decrease administration cost and dues management cost.
Obtain new credit funds without bank loan dependency and secured assets.
Minimize bad debt, and limit credit risk.

For the buyer:

Can buy goods on deferred payment.
Use the seller’s credit to finance working capital.
Better opportunity in negotiating buying terms.
Simplify payment procedures by centralization at Eximbank.

Eximbank provides domestic factoring service with recourse.

Installment factoring, factoring on limit, syndicated factoring

Customer may be Vietnamese or foreign economic entity that provides goods in the framework of a contract on deferred payment.

Factoring Request ( as per Eximbank form)

Form download

The customer’s legal profile.
Financial statements.
Receivables for factoring documents (the sales contract, sales invoices, warehouse slips, goods delivery receipts, etc.) .
Secured assets documents (if any).
Others (if any) .