Enhancing export-import ecosystem

Publish date
17/10/2024

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With the vision of becoming a pioneering bank that offers comprehensive solutions, contributing to the development of the export-import ecosystem, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has partnered with reputable companies in the fields of technology and logistics.

This includes a collaboration with FPT IS Company Ltd. (FPT IS) to develop a digital ecosystem for exporters and importers and a partnership with Vinafco Joint Stock Company (Vinafco) for warehouse management.

FPT IS is one of Vietnam’s leading technology companies and has been a long-time partner of BIDV in implementing key technology projects for nearly three decades. Building on this, BIDV and FPT IS continue to collaborate to develop the first digital ecosystem in Vietnam dedicated to exporting-importing businesses, built on the TradeFlat platform developed by FPT IS. This marks a breakthrough in the digitalization of international trade: for the first time in Vietnam, a digital platform integrates a wide range of services including banking, shipping, customs, insurance, and logistics into one unified technology system. 

Leader representatives of BIDV and FPT IS sign coopeartion agreement

Vinafco Joint Stock Company is one of Vietnam's leading logistics firms, providing integrated solutions such as warehouse management, freight forwarding, transportation, and distribution. For warehouse management, Vinafco operates seven warehouses with a total area of 230,000 square meters in key locations. Additionally, Vinafco offers professional warehouse management software and processes, deploying diverse services like managing warehouses/distribution centers built by Vinafco or overseeing existing client warehouses/plants. Vinafco offers effective logistics solutions that flexibly meet client needs.

Based on the potential between the two parties, BIDV and Vinafco have agreed to collaborate on providing warehouse management services, with Vinafco’s warehouses used as collateral for loans at BIDV. This ensures that clients' goods will be managed by a reputable entity and used flexibly as collateral for loans at BIDV. This collaboration offers effective financial support, allowing exporters and importers to easily access capital and optimize cash flow. The two parties will also cooperate to develop clients for both BIDV and Vinafco through coordinated marketing activities, client referrals, and other suitable initiatives.

Leader representatives of BIDV and Vinafco sign coopeartion agreement

BIDV has set a long-term vision of building a complete digital ecosystem for export-import operations, contributing to the modernization of financial and logistics services in Vietnam. BIDV is committed to continuing its support for businesses by providing advanced, flexible, and optimized financial solutions, creating favorable conditions for exporters and importers to grow sustainably and enhance their competitiveness and trade value in the international market.

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