Taiwan: The Textile Industry Is Providing Flexible Financial Solutions To Yongfeng Silver.
Textile industry is deeply ploughing Vietnam, and Yongfeng bank holds investment talks to share first-hand information on the market. Lin Hongyang, senior deputy general manager of Yongfeng banking corporation financial affairs department, pointed out that Vietnam has gradually participated in or initiated a number of international economic and trade agreements to add momentum to economic growth. Among them, about 80% of Taiwanese businessmen engaged in Vietnam are engaged in textile and other manufacturing and production businesses, and the industrial dynamics have attracted much attention. The Bank of Yongfeng also provides more flexible capital utilization programs, combining with the Hu Zhiming City branch in Vietnam, the Hanoi representative office in Vietnam and the global operation sites to create the most convenient cross border financial services for customers.
According to statistics, the total import and export volume of foreign enterprises reached 154 billion US dollars in June this year, up by 6% over the same period (2018); the Bank of Yongfeng indicated that foreign enterprises continued to have a strong layout of Vietnam. In order to help Yongfeng enterprises to deepen their ploughing, the bank of Hong Kong offered weekly financing of various types of trade financing for enterprises. At the same time, it provided preferential interest rates for foreign exchange, such as US dollars, Hong Kong dollars and Renminbi, and foreign exchange remittances and exchange fees such as US dollar, Hong Kong dollar and RMB exchange rate and spot settlement concessions.
Wu Junyuan, accountant of Jianye accounting firm, said that Vietnam was committed to maintaining the high GDP growth rate and stable development. The economic growth in the first half of last year expanded to 7.38%, the highest level since 2010. With the continuous increase of Vietnam's total exports and the signing of the free trade agreement (FTA) with the multinational investment agreement (IPA), it is expected to strengthen the huge business opportunities in the Vietnamese market. But it also reminds Taiwanese businessmen wishing to invest in Vietnam that they still need to pay attention to the importance of compliance.
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