The Vietnam International Commercial Joint Stock Bank (VIB) has been named the bank with the highest revenue in terms of transactions in Vietnam under the Asian Development Bank’s Trade Finance Programme (TFP).
The TFP carried out in 2009 and 2010 provides guarantees and loans to the TFP’s member banks in international trade assistance activities.
Thanks to the TFP, VIB borrowed loans from foreign banks which are TFP members to assist import firms to improve their production and competitive capacity.
More than a year after implementing the TFP, VIB has provided assistance to almost 20 firms with a total revenue from guarantee and disbursement of more than 30 million USD.
The bank provides support and guarantees for Vietnamese import companies via banks in France, Switzerland, the Netherlands, Germany , Belgium, Denmark and China.
Mary Abad, TFP public relations manager in Vietnam, spoke highly of the VIB helping small and medium-sized enterprises. She expressed her hope for continued cooperation with VIB to promote trade assistance activities, contributing to the country’s socio-economic development.
An Thanh Son, VIB General Director, said the programme helped his bank improve services, increase clients, expand the banking agent system and raise VIB’s prestige on the international market, amid a complex world economy that affected the operations and liquidity of the world banking system, including Vietnam./.
The TFP carried out in 2009 and 2010 provides guarantees and loans to the TFP’s member banks in international trade assistance activities.
Thanks to the TFP, VIB borrowed loans from foreign banks which are TFP members to assist import firms to improve their production and competitive capacity.
More than a year after implementing the TFP, VIB has provided assistance to almost 20 firms with a total revenue from guarantee and disbursement of more than 30 million USD.
The bank provides support and guarantees for Vietnamese import companies via banks in France, Switzerland, the Netherlands, Germany , Belgium, Denmark and China.
Mary Abad, TFP public relations manager in Vietnam, spoke highly of the VIB helping small and medium-sized enterprises. She expressed her hope for continued cooperation with VIB to promote trade assistance activities, contributing to the country’s socio-economic development.
An Thanh Son, VIB General Director, said the programme helped his bank improve services, increase clients, expand the banking agent system and raise VIB’s prestige on the international market, amid a complex world economy that affected the operations and liquidity of the world banking system, including Vietnam./.
