VIETNAM’S EXPORT CREDIT INSURANCE BOOST

Vietnam’s Import-Export Bank (Eximbank) has unveiled plans to provide exchange rate insurance and credit support for importers and exporters. It is providing Bong2trn to back the support and insurance products which will be made through the banks credit products and exchange rate insurance tools. Eximbank intends to offer the products to help importers and exporters increase their competitiveness and develop their business, General Director Truong Van Phuoc said. Eximbank is currently the largest commercial joint stock bank in Vietnam, with capital of more than Dong12.6trn.