Vietnam

At the Increasing Access to Credit in Viet Nam through Collateral (Secured Transaction) Reform workshop delegates called for factoring to play a role in business lending.

The International Finance Corporation s Mekong Private Sector Development Facility (IFC-MPDF) will work with the Vietnamese Technological and Commercial Joint Stock Bank (Techcombank) to provide better services to micro, small and medium enterprises (SME).

The IFC's Mekong Private Sector Development Facility has launched a five-year project worth over USD6m to help Vietnam's commercial lenders provide better services to micro, SME

The Agriculture and Rural Development Bank (Agribank) will fund US$5.5m to help small- and medium-sized enterprises (SMEs) to expand production and business, the bank announced.

 The number of factoring licenses granted tripled during 2005, marking the beginning of the Vietnamese factoring industry.

Under World Trade Organisation (WTO) commitments, Vietnam must open its finance and banking sector by April 2007. As a result, companies are rushing to adjust in order to remain competitive

The Vietnam Export-Import Bank, or Eximbank, has been approved by the central bank to provide factoring services after

The Asian Development Bank (ADB) has put US$600,000 aside to support the development of the leasing industry in Vietnam

Bank of Tokyo-Mitsubishi UFJ plans to launch factoring operations in Vietnam, purchasing from corporations located there the accounts receivable owed by overseas companies as it seeks to

Southern economic hub Ho Chi Minh plans to set up a credit guarantee fund for small- and medium-sized enterprises