HDBank Vietnam partners with ASYX to enhance its supply chain finance strategy

Ho Chi Minh City, Vietnam – 26 April 2024 – Leading Vietnamese financial institution HDBank has selected ASYX to support its ambitious Supply Chain Finance (SCF) strategy. ASYX is proud to partner with HDBank in empowering Vietnamese businesses to unlock the full potential of their supply chains. Our innovative SCF solutions offer HDBank a strategic advantage by mitigating risk and strengthening client relationships. Using ASYX technology, HDBank can solidify its position as a trusted financial partner, offering both corporations and their suppliers access to tools that optimize cash flow and working capital. This translates to a more efficient and data-driven approach to supply chain finance for HDBank, allowing them to stay ahead of the curve in the dynamic Vietnamese market.

“We are thrilled to partner with HDBank, our first partner in the rapidly growing Vietnamese market”, said Frank Rabitsch, CEO of ASYX. “With our technology and expertise, HDBank can confidently offer innovative financial solutions to their corporate customers, leading to improved efficiency, and resilience for all participants in their supply chain."

The partnership highlights ASYX's commitment to providing customizable and comprehensive SCF solutions. Key benefits for HDBank’s corporate customers leveraging ASYX technology include:

  • Enhanced Cash Flow & Working Capital: ASYX enables early payments to suppliers, improving their financial health while simultaneously optimizing buyers working capital.
  • Reduced Risk: Through in-depth analysis and risk mitigation strategies, ASYX solutions help minimize supply chain disruptions.
  • Improved Supplier Relationships: By offering competitive financing options, buyers can strengthen relationships with key suppliers.

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) was founded in 1989, among the first commercial banks in Vietnam. Driven by a strong determination to be at the forefront of technology, HDBank has pioneered a new age of digital banking in Vietnam.

Vietnam's Supply Chain Finance (SCF) market is experiencing significant growth, reflecting the dynamic development of the country's economy. ASYX is committed to supporting Vietnam's businesses in harnessing the power of SCF. Our innovative solutions are designed to address the unique needs of the Vietnamese market, empowering businesses to optimize cash flow, mitigate risk, and build stronger supply chain partnerships.

Unlock the benefits of Supply Chain Finance. Contact ASYX to learn how we can streamline your operations.