Vietnam
Socialist Republic of Vietnam
  • ASEAN Member
  • Ba3/BB
    Moody’s/Fitch Ratings
  • GDP Growth (2020) : 2,91%
Priorities
Financing supplies of Vietnamese goods with high added value to IBEC member states
Servicing operations of Vietnamese companies with FTA partners
Focus of export support on deep-processed, high-tech and eco-friendly products
Statistics
€ 19 591
Credit portfolio (EUR thous.)
€ 0
Documentary portfolio (EUR thous.)
€ 0
Securities portfolio (EUR thous.)
12
Number of projects

Strategy

With regard to Vietnam, IBEC is aimed primarily at promoting the diversification of export and import markets. In line with the country's strategic priorities in foreign trade, the overall sectoral orientation of export support will be aimed at increasing the share of exports with high added value, highly processed products, high-tech products and environmentally friendly products.
Promoting the geographical diversification of exports and imports in accordance with the priorities of the country's foreign trade policy (focus on Asian and European markets).
Sectoral diversification of foreign trade, assistance in increasing the industrial component of exports.
Support for the SME sector.
Development of a network of partners in the Vietnamese market (financial institutions, non-profit and government structures, national development institutions).

Interaction of IBEC with state bodies of Vietnam

OBJECTIVES of the IBEC’s work with state bodies: Bilateral interaction with the target audience — informing it about the work and plans of the IBEC, as well as obtaining and analyzing relevant information from the target audience in accordance with the business profile and initiatives of the Bank, using such information in the Bank’s work to develop its activities, in particular, by implementing new projects in order to fulfill the IBEC mission.
PRINCIPLES of the IBEC's work with government bodies
Honesty
Adherence to ethical behavior, honesty and responsibility in its activities. Strict adherence to the IBEC Code of Corporate Ethics
Legality
Compliance of actions with legitimate business goals, the interests of the Bank, subject to the requirements of the laws of the country of the counterparty. IBEC takes all reasonable measures to ensure that positions presented to the Bank’s governing bodies are based on factual data and not on opinions
Accountability and oversight
Mandatory coordination of goals and approaches to working with contacts, as well as planning activities and regular reporting to the Bank’s management
Consistency
The responsible division of IBEC plays a key role in ensuring consistency of all work with contacts carried out on behalf of the Bank or in connection with its objectives
Transparency
IBEC speaks openly about the guiding principles, goals, policies and procedures for its work with contacts in government agencies
Key partners for the implementation of the IBEC Country Strategy in Bulgaria:
  • Ministries and Departments;
  • Economic Department of the Central Committee of the Communist Party of Vietnam;
  • Diplomatic missions;
  • Trade representations;
  • Intergovernmental commissions;
  • Vietnam Trade Development Agency (VIETRADE);
  • Vietnam Chamber of Commerce.
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