Visa, C.P. Vietnam and VIB Collaborate to Accelerate B2B Payment Digitalization

Visa (NYSE: V), a global leader in digital payments, has announced a strategic collaboration with C.P. Vietnam, one of the country’s leading agro‑industrial and food corporations, and Vietnam International Bank (VIB). Through this partnership, the three parties will co‑create payment solutions for C.P. Vietnam that align with the increasing adoption of digital payment systems among businesses.

The collaboration is expected to deliver:

Faster Payments and Better Cash Flow: Digital solutions that replace manual processes, helping suppliers and dealers receive payments more quickly and manage liquidity more effectively.

Access to Financing: Integrated tools and VIB partnerships that create new avenues for flexible financing, enabling SMEs to invest and expand.

Real-Time Insights: Enhanced reconciliation and reporting tools that provide transparency and control, strengthening business decision‑making.

The effort will also support the use of Visa business cards as an efficient and secure way for businesses to make payments and manage corporate spend.

“Visa is honored to collaborate with C.P. Vietnam on this transformation journey. Together, we will digitize supply-chain payments, expand financing access for SMEs, and increase transparency and cash-flow efficiency, helping businesses thrive in Vietnam’s digital economy,” said Dung Dang, Country Manager for Visa Vietnam and Laos.

“At C.P. Vietnam, we are committed to excellence, innovation and sustainable growth. Our digital transformation has brought us together around a shared commitment to advanced solutions and enhanced customer experiences,” said Veerachai Charoensilpskul, CFO of C.P. Vietnam.

“Digital innovation is central to VIB’s strategy. Through advanced financial technologies and tailored solutions, we will empower thousands of dealers and suppliers with better financing access, seamless digital payments, and improved financial tools. VIB remains committed to enabling business growth and delivering superior customer experiences,” said Tuong Nguyen, Deputy CEO at VIB.

This collaboration underscores the shared commitment of Visa, C.P. Vietnam, and VIB to accelerating digital transformation in Vietnam’s dynamic business landscape, driving sustainable growth and innovation for businesses.

T.H (Vietnam Business Forum)