17/6/2015, in Ho Chi Minh City signed cooperation agreement with Coface and Eximbank to first give the market new solutions package on commercial auto insurance "trade credit insurance-commercial funding mechanism" for the IMPORT-EXPORT business.
Accordingly, the total Bao Minh company join this solution package as the original home insurance, are responsible for issuing "trade credit insurance" and compensation when such may have the insurance event occurs. Here is the solution to protect against the risk receivables and connected with the effective solutions of the business of IMPORT-EXPORT business in Vietnam.
Coface financial group will play the role of House business insurance for the Bao Minh insurance application; at the same time is responsible for credit risk assessment, program design, appropriate risk management and promotion of contract "trade credit insurance" for the parties concerned. Eximbank will also as a partner bank of the package solution.
Speaking at the event, Mr. Le Van Thanh, General Director Of Bao Minh company, said: credit insurance business for export has been Proving in partnership with Coface deployment from 2009, but have yet to develop strong, mainly from FOREIGN clients with a turnover of 17 billion in 2014.
After this solution insurance package deployment is successful, Bao Minh will be adding a channel revenue growth, enhance brand reputation; Eximbank will have more good financial self-defense measures, minimize risk; Coface can expand business models and offer more professional financial services.
Also according to him, this solution Pack helps the GOV'T in the Vietnam IMPORT-EXPORT risk insurance in commercial auto insurance activities. Accordingly, the farmers, the distribution channels, processing agricultural products, commodities ... will also benefit when the activity of the ENTERPRISE and EXPORT safe, effective
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