Risk Management Boosts Export Value

On May 18, 2011, the Vietnam Chamber of Commerce and Industry (VCCI) in Ho Chi Minh City collaborated with insurance company, Chartis Vietnam, and insurance brokerage company, AON, to organise a symposium on “Identifying risk and solutions to enhance competitiveness and develop sustained export in Vietnam.”

 

The meeting discussed and put forth detailed matters exporters and importers need to pay attention to. Besides, the workshop also warned Vietnamese exporters of credit risks in case importers refused to settle payments.

 

At this meeting, Chartis Vietnam introduced a solution called “Trade credit insurance” to ensure the safety for Vietnamese exporters. Trade credit insurance is a complete solution for managing risks pertaining to exports. The solution is also necessary to defend against unexpected loss or bankruptcy of importers, etc.