HÀ NỘI — A conference on “Credit Risk Management for Trade and Investment in Việt Nam” will be held in Hà Nội on January 11 to address credit risk management practices in Việt Nam and strategies to gain the trust and confidence of foreign firms seeking to partner with Vietnamese companies.

Some 200 participants – CFOs, finance and accounting professionals, risk management and investment officers of companies that receive FDI, financial institutions and companies that have trading and investment relations with Vietnamese companies—are expected to participate in this event.

It is co-hosted by StoxPlus and Credit Information Centre, endorsed by Vietnamese Party Central Committee’s Economic Commission and supported by Japan’s Nikkei Inc.  

According to StoxPlus, Việt Nam is one of the most open economies in the world with import-export turnover at approximately US$405 billion, or 187 per cent of GDP, in 2017. Trade contributes significantly to the country’s economic growth. However, Việt Nam ranked 68 out of 190 nations and territories for ease of doing business, according to a survey by the World Bank in 2017.

The low ranking is explained by many factors, including the low level of information transparency, lack of financial corporate data, low coverage of credit ratings and related protection products such as credit risk insurance. Although measures have been taken to address this situation, a number of issues have been raised by market participants.

At the conference, high-level officials of Ministry of Planning and Investment and the State Bank of Việt Nam and experts from Việt Nam National Credit Information Centre, the World Bank, risk solution firms and foreign investors will share their knowledge on information infrastructure and credit risk management practice in Việt Nam.

Some key themes to be addressed in the conference include improving the investment environment for Việt Nam with corporate financial transparency; enhancing credit information and technologies for credit institutions to improve risk management in Việt Nam and enhancing corporate information to help foreign investors gain confidence in doing business in Việt Nam.

The event will take place at Lottle Hotel Hà Nội, No. 54 Liễu Giai Street, Ba Đình District, Hà Nội.— VNS