Daily News: February 17, 2017

DS-Concept Provides Factoring Facility to Vietnamese Manufacturer

DS-Concept, a global commercial finance company specializing in non-recourse factoring and trade finance, provided a Vietnam based garment manufacturer with a $10 million export factoring facility.

The client, which exports to Europe and the U.S., was seeking a long-term financing partner to accelerate cash flow and be able to fill their rapidly increasing orders. With DS-Concept’s export facility and support, the client forecasts $35 million to $40 million in annual factored volume.

Germany-based DS-Concept Group maintains a network of offices and affiliates all over the world, including the U.S., Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, the UK, China and the United Arab Emirates.