Invoice factoring service in Vietnam - current development and solutions

As Vietnam is increasingly, deeply, and comprehensively integrating into the global economy, the country's banking industry is actively developing and launching products and services to better meet the needs of customers. Invoice factoring is a popular banking service in many countries. However, this service is quite undeveloped in Vietnam. In this study, statistical methods were used to clarify the current invoice factoring services of Vietnamese banks. Based on findings and data analysis, the study made some recommendations for the State Bank of Vietnam and commercial banks to develop invoice factoring services.