This collaboration aims to support Vietnamese SMEs in enhancing management efficiency, optimizing operations, and promoting sustainable growth in today's economy through a comprehensive ecosystem that meets their diverse needs of paying and being paid.

The comprehensive suite of solutions includes VIB's set of three products designed to meet the diverse needs of businesses for capital, cost management, and efficient payments: the VIB Business Card, a working capital loan package (VIB Business Loan), and the VIB Business digital banking platform. Visa's Business Payment Solution Provider (BPSP) on VNPAYB2B empowers VIB cardholders to make payments to any payment account, even those without card acceptance capabilities, improving cash flow and control. Finally, VNPAY Invoice and VNeDOC offer solutions for streamlined management of electronic invoices and digital contracts.

Ms. Dung Dang, Visa Country Manager of Vietnam and Laos, said: "Visa is committed to supporting the growth and success of Vietnam's SMEs, which are the backbone of the nation's economy. This collaboration with VIB and VNPAY brings together our collective strengths to deliver a powerful suite of digital and financial solutions that address the specific needs of these businesses. By providing access to innovative payment technologies and streamlined financial tools, we aim to empower SMEs to thrive in the digital age, optimize their operations, and contribute to Vietnam's continued economic prosperity."

Mr. Ho Van Long, Deputy CEO & Head of Retail Banking at VIB, stated: "Recognizing the pivotal role of SMEs in the Vietnamese economy, as well as the significant challenges they face in accessing capital and managing finances, VIB has designed a comprehensive suite of financial solutions to support and deliver optimal benefits to the SME community. This integrated financial ecosystem encompasses everything from unlocking capital sources and optimizing cash flow to supporting digital transformation, enabling businesses to save time and costs, enhance management efficiency, and improve competitiveness for sustainable growth in the new era."

Mr. Tran Manh Nam, Director of VNPAY Enterprise Division, shared: "Digital transformation serves as a rapid, streamlined, and effective catalyst for SME growth. VNPAY's technology platform, featuring solutions like VNPAY Invoice, VNeDOC, and VNPAYB2B, plays a crucial role in digitizing core operational processes for businesses. The integration of these solutions into the financial ecosystems of VIB and Visa will create a synergistic effect, empowering SMEs to realize comprehensive and impactful digital transformation."

These comprehensive financial and digital solutions from VIB, Visa, and VNPAY are specifically designed to help Vietnamese SMEs optimize their operations across all key areas – from financial management and cost control to sales and internal processes – setting the stage for strong and sustainable growth in the digital era.