Egypt Business Directory,  | ,  | Send us an email to get your website listed here: partner@egypt-business Al-Borsa Newspaper, Giza | Al-Borsa Newspaper is one of the leading economic newspapers in Egypt, it deals with stock market, economy and investment news. German-Arab Chamber of Commerce,  | For sixty years the German-Arab Chamber of Commerce has promoted business relations between the Egypt, North Africa, the Middle East and Germany. Daily News Egypt,  | Egypt’s only Daily Independent Newspaper in English Think Marketing Magazine,  | Think Marketing Magazine is a new full interactive pure implementation of strategic innovation where creative technology and knowledge meet. Al Ahram,  | Ahram Online is the English-language news web site published by Al-Ahram Establishment, Egypt’s largest news organization Egypt Today,  | The Magazine of Egypt Global Trade Matters - GTM,  | Global Trade Matters, a for-profit private sector think tank, was created in 2010 in order to broaden the discussion about economic policy. eMarketing Egypt,  | eMarketing Egypt is the first company in MENA that provides integrated e-marketing services. Business Today,  | Business Today Egypt is the nation’s leading English-language monthly business magazine Tradekey,  | TradeKey.com is one of the world’s leading and fastest growing online business-to-business (B2B) marketplace

IFC provides record funding for trade finance for small businesses in Vietnam

IFC has committed a record $505 m in the last 12 months to enable Vietnamese banks to help local companies increase their import & export activities.
IFC, a member of the World Bank Group, has committed a record $505 million in the last 12 months (fiscal 2011) to enable Vietnamese banks to help local companies increase their import and export activities and create jobs through its Global Trade Finance Program.

The program, since its launch in Vietnam in late 2007, has helped improve the capacity of nine banks to cover the payment risk in granting trade financing to local companies, mostly small and medium enterprises. Under the program, the banks have issued 268 guarantees to support $1 billion in trade finance transactions. Techcombank, an IFC partner since 2007, has been the program’s largest user in Vietnam.

“IFC’s Global Trade Finance Program has helped extend our capacity considerably to deliver trade finance for local importers and exporters over the past few years when trade lines have been limited,” said Do Diem Hong, Executive Vice President and Head of Financial Institutions of Techcombank. “As part of the program’s extensive network of more than 400 participating banks, Techcombank will be recognized globally and this will further strengthen our international transactions.”

This year Lien Viet Bank, Orient Commercial Bank, Tien Phong Bank, and Vietnam International Bank joined the program. IFC’s other partner banks in Vietnam are An Binh Bank, Asia Commercial Bank, Saigon Thuong Tin Commercial Bank and Vietnam Export Import Commercial Bank.

“By complementing banks’ capacity to deliver trade finance solutions, IFC has helped ensure continued trade flows vital to enterprise growth despite liquidity constraints,” said Simon Andrews, IFC Regional Manager for Vietnam, Cambodia, Lao PDR, and Thailand. “IFC’s partnership has also helped banks attract more trade lines from other foreign banks.”

Started in 2005, IFC’s Global Trade Finance Program has issued more than 9,650 guarantees to support more than $16 billion in trade finance transactions in emerging markets. The program extends and complements the capacity of banks to deliver trade finance for importers and exporters on a per-transaction basis in markets where trade lines may be limited. Through the program, IFC provides coverage for more than 210 issuing banks in more than 89 emerging markets and has a network of more than 400 participating banks worldwide.

Directory

Top-Downloads

> Egypt's Top 10 Companies 2013
> What cars do Egyptians buy?
> Egypt's 15 Richest Men 2014
> Egypt Trade Map: which exports will grow?
> FT Exclusive Banker Report: Top 1000 World Banks 2014
> Who are Egypt's street vendors?

Latest News

Kellogg Co makes bid approach to Egypt's Bisco Misr-statement
MisrLife Insurance Company eyes 40% market share: Chairman
Nationwide protests in Egypt against price hikes
Egypt to issue certificates to finance Suez Canal today
Crowd-funding the new Suez canal?

Companies

Allianz Egypt
Established in 1976, Allianz Egypt obtained license as life insurer in 2001, and specializes in general, life insurance and financial investments.
Giza National Automotive (GNA), Mercedes-Benz)
Established in 2001, an Authorized Dealer for Mercedes-Benz Passenger Cars. GNA owns two giant «3S» facilities in Dokki and Pyramids Heights
Grundfos Egypt Pumps
Grundfos is one of the world’s leading pump manufacturers.
Alexandria Steel Forming Company
Alexform is the leading manufacturer of cold rolled steel profiles, offering both quality products and reliable service to its customers.
HWP Planungsgesellschaft mbH
Engineers, architects and consultants who have been planning successfully for more than 35 years.
The Coca-Cola Bottling Co. of Egypt S.A.E.
The Coca-Cola Bottling Company of Egypt (TCCBCE) produces and sells Coca-Cola flagship brands nationwide.
Egyptian Swiss Chemical Industries Co. (Swiss Chem)
Founded in 1905 as a producer of shoes polish and all types of nails.

Top Events

Webinars

Companies

Experts