VINAFCO AND BIDV BANK SIGNED A COMPREHENSIVE COOPERATION AGREEMENT

Attending the signing ceremony, representing Vinafco was Mr. Bui Minh Hung, General Director; on BIDV's side, there was represented by Mr. Le Ngoc Lam, General Director, members of the Board of Directors, BIDV Executive Board, and departments and branches of the two parties.

This event marks an important turning point in the cooperation between the two units, opening up many opportunities for sustainable cooperation and development. At the same time, bringing the best products, services and experiences to customers based on the potential and advantages of both sides.

According to the cooperation agreement, Vinafco and BIDV have agreed to implement a number of specific contents as follows:

- Cooperate to provide Vinafco's warehouse management service as collateral for loans at BIDV. Goods of corporate customers will be received and managed by Vinafco, and used as collateral for loans at BIDV. This provides effective financial support, helping import-export enterprises easily access capital and optimize cash flow.

- Cooperate to develop customers for both BIDV and Vinafco, through coordinated communication activities, customer introduction and other appropriate activities.

- Cooperate to build a common preferential policy package on banking services and transportation/warehousing services for corporate customers. Import-export enterprises will enjoy preferential trade finance fees from BIDV, and optimize costs for warehouse, transportation and logistics services when using Vinafco's full-package service.

Mr. Bui Minh Hung, General Director of Vinafco shared: "The cooperation with BIDV is an important step in the development strategy to expand the scale of operations as well as enhance the competitiveness in the domestic and international markets of Vinafco. We believe that, with the cooperation of the two units, customers will have comprehensive and superior experiences when using Vinafco's services."

As one of the banks with the leading market share in international payments and trade finance in Vietnam, BIDV currently serves more than 12,000 corporate customers conducting import-export payment transactions every day. BIDV believes that the cooperation with Vinafco will open a new chapter in providing financial and non-financial solutions for the logistics industry in Vietnam, creating favorable conditions for import-export enterprises to develop sustainably.

Established in 1987 and becoming a public company, trading code VFC since 2006, Vinafco Joint Stock Company is one of the leading companies in the field of providing integrated logistics services & supply chain solutions. Vinafco has built a brand reputation and trust with customers with the services it provides throughout Vietnam including: sea transport, warehouse services and value-added services, road transport and import-export customs clearance. In addition, Vinafco regularly launches new services such as retail delivery service, co-packing service, B2C service,... to best meet the needs of customers and the market.