Letters of Credit are issued by PBVN to your suppliers as a form of guaranteed payment.
Advantages:
• Eases your cash flow without the need to pay in advance.
• Minimal charges.
• Minimal documentation required.
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When receiving the LC or LC Amendment from other banks, Public Bank Vietnam checks its authenticity and advise Beneficiary.
• Process fast and accurately.
• Customers are notified on unfavorable terms and conditions if any.
Allows financing of production and exporting costs of local manufactures and traders.
• Fast and convenient procedure/processing.
• Flexible fee and charges, favorable and competitive interest rate.
• High negotiation percentage
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