Techcombank

Vietnam Technological and Commercial Joint Stock Bank (Techcombank), founded 27 September 1993, is one of Vietnam's largest privately-held banks. Its Export Factoring service partners with large international factoring institutions to purchase receivables under TT-settled export contracts, advancing up to 90% of receivable value with no collateral required, factoring receivables with up to 180 days remaining to maturity, and including credit-risk cover if the buyer becomes insolvent (provided the seller has fulfilled its delivery obligations). Techcombank also offers a Domestic Factoring product.