Accordingly, BIDV and the Import-Export Department will closely coordinate to support import-export enterprises and logistics enterprises (seaports, warehouses, shipping lines) to develop and access banking and financial products and services, thereby promoting business activities and sustainable growth.
Mr. Tran Long - Deputy General Director of BIDV and Mr. Nguyen Anh Son, Director of the Import-Export Department, Ministry of Industry and Trade, exchanged the memorandum of understanding on cooperation (2).jpg
Mr. Tran Long - Deputy General Director of BIDV and Mr. Nguyen Anh Son - Director of the Import-Export Department - exchanged the memorandum of understanding on cooperation. Photo: BIDV
As the bank with the largest total assets and corporate customer base in Vietnam, with a leading import-export market share, serving more than 12,000 import-export enterprises and a total funding value for seaport projects of more than VND 13,000 billion, BIDV is implementing many solutions to support the operations of logistics and import-export enterprises. At the Forum, BIDV also affirmed that the application of new technology will solve the problems of the logistics industry and create a digital financial ecosystem in the free trade zone. Specifically, BIDV has applied financial technology to develop seaports through BIDV Open API connection. BIDV's collection, payment, guarantee, credit, and trade finance services are integrated on the Vietnam SmartHub Logistics (VSL) digital seaport platform and other digital seaport software and applications of Smarthub Logistics Technology (SLT). Through this, customers at seaports, import-export enterprises, and logistics service providers can easily access BIDV's banking services, support digital financial management and optimize operations. At the same time, BIDV has deployed many solutions to provide financial support for import-export enterprises, including signing cooperation agreements with leading warehouse management units in Vietnam to manage imported goods as collateral and signing cooperation agreements with FPT IS to connect parties in the ecosystem serving import-export enterprises on digital channels, fully meeting the needs of import-export enterprises (trade finance, transportation, customs, insurance, warehouses, etc.). Enterprises only need to access a single platform to use the services of all parties, helping to access finance as quickly as possible and streamlining all paperwork procedures. In recent times, BIDV has also actively accompanied state management agencies to develop the logistics and import-export industry through the following activities: Supporting the completion of the goal of building Vietnam's National Digital Seaport; Providing trade finance for import-export enterprises with many flexible solutions; Promoting financial incentives in the seaport and logistics sector; Deploying solutions to promote the green transformation journey; Financing and collaborating with technology partners to build an attractive digital infrastructure for the Free Trade Zone... To contribute to the sustainable development of the logistics industry, BIDV offers a Green Credit package of VND 2,000 billion, providing credit to finance new investment projects or investment in expanding Green Seaports, renovating seaports into Green Seaports, in which the total investment for the Green Seaport category accounts for over 50% of the total investment of the entire project. BIDV is also the first Vietnamese bank to issue a Sustainability Linked Loan product to support import-export enterprises in transforming their ESG practice journey, accompanying the Vietnamese Government's common goal of Net Zero by 2050.

Le Thanh