Transactions at Techcombank (Photo: VNA)
Hanoi (VNA) – The International Factors Group (IFG) has announced that Vietnam Technological and Commercial Joint Stock Banks (Techcombank) has officially become the first Partner Member of the group in Vietnam.

Accordingly, Techcombank will provide more overall import-export factoring solutions, thus diversifying business segmentations with more preferential price rates and better meeting financial demand of import-export enterprises.

Joining the IFG, the bank will also have more development opportunities in the field with partners around the world.

The bank will also have access to the online information exchange and transaction system Ifexchange, helping minimize transaction time and ensuring law compliance.

Founded in 1963, IFG is the global trade association that fully represents and promotes the interest of the factoring, invoice financing and asset-based lending industry on a global basic. IFG currently has 160 members from 60 countries worldwide.-VNA