DS-Concept provides $10mn facility to Vietnamese firm

February 06, 2017 - Germany

DS-Concept, a global commercial finance company specialising in non-recourse factoring and trade finance, has provided a Vietnam based garment manufacturer with a $10 million export factoring facility. The Vietnamese firm, which exports to the US and Europe, expects that the facility and support will increase its annual factored volume by $35-40 million.

DS-Concept said that its Vietnamese client was seeking a long-term financing partner to accelerate cash flow and be able to fill their rapidly increasing orders.

The DS-Concept Group maintains a network of offices and affiliates all over the world, including the US, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.

The Group aims to provide powerful international cash flow solutions, tailored for its global clients, in new and innovative ways. “We strive to develop mutually beneficial relationships with numerous organisations to promote the sustainable growth of the global market,” it says on its website. (RKS)