"Credit insurance helped us increase our profitability and introduce us to new markets. "

Mr Patrick Chan, Assistant General Manager of Risk Management, Willas-Array

Atradius in Vietnam

Atradius has had a presence in Southeast Asia since 2006, and we continue to expand and deepen our footprint  in the region. We have been serving our clients in Vietnam out of Singapore through our official local partners Bao Viet Tokio Marine Insurance Co., LTD (BVTM) and Bao Viet Insurance Co., LTD (BV) since 2011. Policies are issued by our partners who receive full technical support from us. This support includes buyer and policy underwriting, claims administration, and recoveries.

Our direct presence in Vietnam today proves our commitment to providing on-the-ground support to and building solid relationships with our clients. In 2018, Atradius Information Service Vietnam Co., LTD (AIS Vietnam) was established to support our partners and to enable us to leverage on local expertise to provide our customers with timely information about credit risk and credit limit indications of companies in Vietnam.

By leveraging 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 -best-in-class client service, claims, and collections to clients in Vietnam.

Visit our Atradius Vietnam office at:

Vietcombank Tower, Level 21,

No. 5 Me Linh Square, Ben Nghe ward, Dist. 1,

Ho Chi Minh city, Vietnam

Tel: +84 28 3827 1902

Email: info.vn@atradius.com

Fill in the form below, one of our credit insurance specialists will contact you soon.

 

 


 

Atradius Group

We provide trade credit insurance, surety and collections services worldwide through a strategic presence in more than 50 countries. We have access to credit information on over 240 million companies worldwide and are able to use this information to help our customers manage trading risk. Our credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. We have more than 90 years of experience in credit risk management. Our financial strength rating has been affirmed by rating agencies A.M. Best as ‘A’ (excellent) with a stable outlook, and Moody’s as ‘A2’ also with a stable outlook. Atradius forms part of Grupo Catalana Occidente (GCO.MC); one of the leading insurers in Spain and worldwide in credit insurance.

    

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 identify opportunities as well as 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, who are located around the world and continuously analyse the credit ratings 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 BVTM 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

Baoviet Tokio Marine Insurance Co., Ltd. (BVTM)

Established in 1996, BVTM (previously known as Vietnam International Assurance Company – VIA) was the first foreign insurance joint-venture in Viet Nam with its current partners being Baoviet Holdings – a leading Finance-Insurance group in Viet Nam and Tokio Marine – a leading giant insurance group in Japan.

Partnered with Atradius in Vietnam since 2011, BVTM provides trade credit insurance and services for all international and domestic clients in accordance with Viet Nam’s Law.

Visiting address:

Room 601, 6th Floor, Sun Red River Building,

23 Phan Chu Trinh Street, Hoan Kiem District,

Hanoi, Vietnam

[Visit the Webpage of BVTM]

Baoviet Insurance Co., Ltd. (BV)

BV is the largest Vietnamese insurance company and the first insurance company incorporated in Vietnam since 1965.  The company is headquartered in Hanoi with a nationwide network of 188 branches, 5600 employees, 120,000 agents 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 Viet Nam’s Law.

Visiting Address:

35 Tran Hung Dao Street,

Hoan Kiem District,

Hanoi, Vietnam

 

[Visit the Webpage of BV]

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.