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trade finance

Enhancing local trade finance in Việt Nam could lead to a 55 billion annual boost in trade

Enhancing local trade finance in Việt Nam could lead to a $55 billion annual boost in trade

The report underscores the importance of addressing the challenges faced by local enterprises, particularly small and medium-sized enterprises (SMEs), in accessing trade finance, recommending the development of innovative digital offerings and stronger regulatory frameworks.
BII, ADB to support narrowing global trade finance gap

BII, ADB to support narrowing global trade finance gap

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, and the Asian Development Bank (ADB) have recently announced a new partnership to finance up to US$100 million of green trade transactions in the region, including Việt Nam.
SHB participates in IFCs Global Trade Finance Programme (GTFP) with limit of US75 million

SHB participates in IFC’s Global Trade Finance Programme (GTFP) with limit of US$75 million

Sài Gòn – Hà Nội Commercial Joint Stock Bank (SHB) and the International Finance Corporation (IFC) have signed an agreement for SHB to participate in the IFC’s Global Trade Finance Programme (GTFP).
Olea announces entry into Viet Nam to offer trade finance solutions

Olea announces entry into Viet Nam to offer trade finance solutions

Olea, a digitised supply chain platform that empowers sustainable trade, has announced its entry into the Vietnamese market, with a focus on providing innovative trade finance solutions to businesses and banks engaged in international trade. 
Sacombank wins 2 awards from The Asian Banking and Finance

Sacombank wins 2 awards from The Asian Banking and Finance

Sacombank has won two awards, the ‘Vietnam Domestic Trade Finance Bank of the Year’ and ‘Vietnam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.
HDBank becomes one of few banks in VN to offer L/C confirmation service through ADBs TFP

HDBank becomes one of few banks in VN to offer L/C confirmation service through ADB’s TFP

HDBank is offering confirmation for letters of credit issued by foreign banks within the framework of the Asian Development Bank’s Trade Finance Programme, becoming one of the few banks in Viet Nam to provide the service through the ADB programme.
HDBank joins Contour network to streamline letters of credit issuance

HDBank joins Contour network to streamline letters of credit issuance

HDBank on May 6 joined Contour, the open trade finance network, to increase its ability to extend trade financing to more corporates.
IFC raises trade finance limits for VIB to 144 million

IFC raises trade finance limits for VIB to $144 million

Vietnam International Bank (VIB) has had the trade finance limit upgraded to US$144 million by IFC, a member of the World Bank Group within the framework of the Global Trade Finance Program (GTFP).
IFC increases trade finance limits to support Vietnamese businesses amid Covid-19

IFC increases trade finance limits to support Vietnamese businesses amid Covid-19

The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus, known as...
HDBank wins 2 major awards

HDBank wins 2 major awards

HDBank has won the awards for Best Cash Management Service and Best Trade Finance Bank in Viet Nam from prestigious financial magazine Asiamoney.
HDBank named Asias best service leader by Euromoney magazine

HDBank named Asia’s best service leader by Euromoney magazine

HDBank was recently ed as Asia’s best service and Vietnamese-market leader in the “Trade Finance Survey 2019” by the English-language monthly magazine Euromoney.
VIB finances nearly 300m for SMEs transactions

VIB finances nearly $300m for SMEs’ transactions

VIB was the only bank in Viet Nam receiving the ADB’s recognition which aims to honour leading partner banks in ADB''s Trade Finance Program (TFP) during the  TFP Awards and Partners Dinner on September 4 – the first day of...
VPBank awarded for its contribution to GTFP

VPBank awarded for its contribution to GTFP

After nearly two years of participating and implementing the GTFP of IFC, VPBank has achieved impressive results in promoting import, export and local trade.
ADB, CITI partner on new risk product to help SMEs

ADB, CITI partner on new risk product to help SMEs

The Asian Development Bank (ADB), through its Trade Finance Programme (TFP), has signed an agreement with Citibank to further support trade across Asia.
ADB increases trade finance to 75m for TPBank

ADB increases trade finance to $75m for TPBank

Tien Phong Commercial Joint-Stock Bank (TPBank) has received US$45 million from the Asian Development Bank (ADB)’s Trade Finance Programme (TFP), bringing the total to $75 million.