Atradius has been in Southeast Asia since 2006, and we continue to expand and deepen our footprint in the region.
We have been able to help our international clients in Vietnam by working together with our official local partners Tokio Marine Insurance Vietnam Co., Ltd (TMIV) and Bao Viet Insurance Co., Ltd since 2011. Policies are issued by our partners who receive certain technical trade credit insurance support from us.
Our direct presence in Vietnam today proves our commitment to providing on-the-ground support to and building solid relationships with our local partners. In 2018, Atradius Information Service Vietnam Co., LTD was established to enhance support to our partners and to enable us to leverage on our local expertise to provide our partners and our clients outside Vietnam having trade credit risks in Vietnam with timely information about their trade credit risks on companies in Vietnam.
Credit insurance helped us increase our profitability and introduce us to new markets
Mr Patrick Chan, Assistant General Manager of Risk Management
By leveraging on our global footprint, world-class technical expertise, and local knowledge of our partners, we aim to help your business grow and expand with protection, as well as to provide strong client service and claims and collections support to clients in Vietnam.
Atradius’ Japan Desk in Vietnam
Vietnam remains a fast growing country with an average growth rate of 6%-8% per year and continues to attract foreign direct investment with the majority of that coming from Asian countries with Japan being one of the top five foreign investors to date. As a result, Atradius’ Japan Desk was established to serve Japanese businesses operating in Vietnam and other countries in Southeast Asia.
The Japan Desk works closely with all of Atradius’ offices throughout Southeast Asia to develop a unique service offering for these Japanese corporates based outside of their home country.
Our Official Local Partners
Tokio Marine-Insurance Vietnam Co., Ltd. (TMIV)
Established in 1996, TMIV (previously known as Vietnam International Assurance Company – VIA or Baoviet Tokio Marine Insurance Co., Ltd. – BVTM) was the first foreign insurance joint venture in Vietnam with its current partners being Baoviet Holdings – a leading Finance-Insurance group in Vietnam and Tokio Marine – a leading giant insurance group in Japan.
Partnered with Atradius in Vietnam since 2011, TMIV provides trade credit insurance and services for all international and domestic clients in accordance with Vietnam law.
Room 601, 6th Floor, Sun Red River Building,
23 Phan Chu Trinh Street, Hoan Kiem District,
Baoviet Insurance Co., Ltd. (BV)
BV is the largest Vietnam insurance company and the first insurance company incorporated in Vietnam since 1965. The company is headquartered in Hanoi with a nationwide network of 79 branches, 3,000 employees, 300 sales offices, 30,000 agents and consultants across 63 cities and provinces.
Partnered with Atradius since 2013, BV provides trade credit insurance and services for all international and domestic clients in accordance with Vietnam law.
35 Tran Hung Dao Street,
Hoan Kiem District,
What is Trade Credit Insurance?
Trade credit insurance protects you against the risk of your customers not paying you when trading within Vietnam or abroad. For example, if your business supplies goods or services to other companies on credit terms, trade credit insurance can protect against the losses incurred as a result of failing to collect payment from your customers. This can be due to their business becoming insolvent or even no fault of their own, such as political or economic problems.
As well as offering a safety net against the risk of non-payment, your Credit Insurance Policy can also help your business grow by gaining a competitive advantage in your market. You can benefit from our insights into companies worldwide to help you identify both opportunities and risks and explore markets that you may not have entered without the protection that trade credit insurance provides.
Our partners benefit from our team of underwriters, located around the world, specialising in analysing the credit risks of millions of businesses. Should your customers’ financial circumstances change, you will be made aware to take appropriate actions in a timely fashion. You may, for example, wish to offer them more favourable credit terms if their credit ratings improve or reduce credit terms if their credit ratings are not so good.
This information about your customers’ buyer ratings is supplied automatically via an online portal, which you will have access to as part of your insurance policy with TMIV or BV.
Credit insurance can help with your cash flow, as well as providing a range of benefits including:
- Increased access to finance, as we can provide your bank with the reassurances it needs when extending finance to you
- A reduction in your bad debt provision and, in turn, a healthier balance sheet
- The confidence to seek out new markets and customers, and benefit from the growth this may bring
Please watch the video below to learn more how credit insurance works.
Visit our Atradius Vietnam office at:
Unit 901, Level 9, The Landmark
No. 5B Ton Duc Thang, Ben Nghe Ward,
District- 1, Ho Chi Minh City
Tel: +84 28 3622 0969