"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 been in Southeast Asia since 2007, 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.
Visit our Atradius Vietnam office at:
The Landmark, Unit 901, 9th Floor, 5B Ton Duc Thang St., Ben Nghe Ward, District 1, Ho Chi Minh City 70000, Vietnam
Tel: +84 28 3622 0969
Email: info.vn@atradius.com
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.
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.
To protect your business from credit risks:
What is Trade Credit Insurance?
Trade credit insurance protects your business from the risk of non-payment by your customers. For example, if you sell goods or services on credit, this insurance can protect you against the losses that would be incurred if your customer does not pay your bill. Our trade credit insurance solutions can protect your business with both domestic and international trade. In addition to providing peace of mind, trade credit insurance can help your business explore new markets with confidence knowing that you will be paid while you benefit from our insights and market knowledge.
Our partners and we work alongside you or your broker to assess the creditworthiness of your customers. If they – and the market they operate in – are credit worthy, our partners will insure the credit terms of your trade with them. Our partners and we will continue to monitor your customer and the market and will inform you of any changes that could affect their credit worthiness.
Learn more about trade credit insurance with this short video: Credit insurance explained by Atradius.
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
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.
Atradius Group
Atradius is a global provider of credit insurance, bond and surety, collections and information services, with a strategic presence in over 50 countries. The products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world.
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.
Visiting address:
Head Office: Room 601, 6th Floor, Sun Red River Building, 23 Phan Chu Trinh Street, Hoan Kiem District, Hanoi, Vietnam
Branch Office: 14th Floor, Lim Tower 3, 29A Nguyen Dinh Chieu Street, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
Bao Viet Insurance Corporation (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 134 branches, 1000 transaction offices across 63 cities & provinces in Vietnam.
Partnered with Atradius since 2013, BV provides trade credit insurance and services for all international and domestic clients in accordance with Vietnam law.
Visiting Address:
Head Office: 7 Ly Thuong Kiet Street, Hoan Kiem District, Ha Noi, Vietnam