Domestic factoring

Created on 15/3/2010
Updated at 12/7/2010

Through domestic factoring, Agribank looks at financing receiveables arising from sales of goods of economic entities under contractual arrangements.

Main features


-          Currency: VND

-          Term: based on the remaining term of the receivables and the ability to recover debts, up to 180 days.

-          Amount: maximum 80% of the value of receivables

-          Security for the factoring: security deposits, pledged assets, collateral, third-party guarantor, and other means of security as guided by Agribank

-          Types of factoring: recourse factoring, non-recourse factoring

-          Factoring method: separate factoring, according to limits, co-factoring

-          Interest: short term interest rates by approval of the General Director of Agribank. Overdue interest rates apply with overdue interest rate not exceeding 150% due interest rate, calculated from the time after the due date for payment that must refund the advance

-          Fees: one-off fees, as regulated in the Schedule of fees and charges

Delivery channels


Agribank branches/transaction offices or automated channels (E-banking)


Technology applied


Agribank uses automated system (IPCAS) to track customer information, accounts, amounts of interest payment, etc. with the highest security and accuracy.


Quang Hung
Copyright. Vietnam Bank for Agriculture and Rural Development 2010. All rights reserved.