Government fails to reach export credit insurance targets for this year
The export credit insurance pilot program is about to finish at the end of this year...
The International Finance Corporation (IFC) has provided a US$120 million trade finance facility to Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) so that the lender can help local companies increase their imports and exports, generate foreign exchange, and create jobs.
Techcombank, the only bank in Vietnam, has been recognised as the Best Issuing Bank in Asia, by the International Finance Corporation (IFC), for its significant contributions in trade and supply chain finance in the region for three consecutive years.
 | Nguyen Thi Hong Anh, Factoring Market Manager and Sales Manager JSC Bank for Foreign Trade of Vietnam provides a review of the Vietnamese factoring market, covering industry environment, market performance, supply and future trends. |
Many exporters remain unfamiliar with export credit insurance two years after the Government introduced it, according to the Viet Nam Insurance Association.
The Vietnamese Ministry of Finance will assist domestic businesses with 20 per cent export credit insurance premiums based on staples such as agricultural products, fisheries, garments, footwear, electronics and woodwork.