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Increased local trade finance could boost annual trade by $55 billion

Improving access to affordable trade finance could increase imports and exports by up to 6 and 9 per cent respectively in Vietnam, according to a new report by the International Finance Corporation (IFC) and the World Trade Organization (WTO). This represents an annual increase in merchandise trade of $55 billion.
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Source: vir.com.vn

Enhancing local trade finance in Việt Nam could lead to a $55 billion annual boost in trade

The report underscores the importance of addressing the challenges faced by local enterprises, particularly small and medium-sized enterprises (SMEs), in accessing trade finance, recommending the development of innovative digital offerings and stronger regulatory frameworks.
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