FPT and BIDV launch BIDV TradeFlat – empowering import-export enterprises to accelerate growth
Amid the sweeping digital transformation reshaping global trade, the Bank for Investment and Development of Vietnam (BIDV), in collaboration with FPT IS – a member company of FPT Corporation, has launched BIDV TradeFlat, Vietnam’s first end-to-end digital ecosystem for seamless import-export transactions.
Understanding Businesses – Creating Solutions
On the journey to bring Vietnamese goods to the global market, import-export enterprises often face a complex web of procedures – from contract signing, issuing letters of credit (L/C), and customs declarations, to chartering vessels, purchasing insurance, and applying for certificates of origin. Each step involves multiple stakeholders, and without an integrated connection, the process can become time-consuming, costly, and exposed to various risks.
Recognizing these challenges, BIDV, in collaboration with FPT IS (a member of FPT Corporation), has developed BIDV TradeFlat – a seamless, end-to-end trade finance platform. This pioneering initiative marks a major step forward for one of Vietnam’s leading banks in shaping a new operational model that digitizes the entire import-export customer journey, laying the foundation for expanding international cooperation and enhancing value across the global supply chain.
Designed to simplify international trade processes, BIDV TradeFlat enables smooth connectivity among all parties in import-export transactions while offering flexible digital financial solutions. This milestone represents a significant leap in the digital transformation journey of BIDV and Vietnam’s banking sector as a whole.
BIDV TradeFlat – the breakthrough solution empowering import-export enterprises
One Platform – Multiple Benefits
With BIDV TradeFlat, businesses can access a single digital platform that seamlessly integrates services across banking, customs, logistics, insurance, and electronic document management.
Within this ecosystem, BIDV serves as the central financial hub, offering a comprehensive suite of core trade finance products, including L/C issuance and management, collection, discounting, import-export financing, cash flow management, and international payments.
Looking ahead, the platform will continue to expand its features, adding new financial and non-financial services to build a fully integrated, convenient, and efficient digital import-export ecosystem, enhancing the competitiveness of Vietnamese enterprises in the global market.
To celebrate the launch of BIDV TradeFlat, BIDV is offering 100 enterprise and individual digital signatures with 12 months of usage. These digital signatures allow businesses to sign documents anytime, anywhere, safely and efficiently, using devices such as smartphones, laptops, or tablets with internet connectivity. This essential tool completes the digital transaction experience on BIDV TradeFlat.
Signing ceremony for the collaboration to build a digital ecosystem for corporate import-export clients between BIDV and FPT
In 2024, BIDV signed a partnership agreement with FPT to deploy and operate BIDV TradeFlat. Leveraging its expertise in managing the TradeFlat platform and nearly three decades of collaboration with BIDV, FPT plays a key role in coordinating, integrating, and developing the digital import-export ecosystem based on the TradeFlat platform. The platform is designed to align seamlessly with BIDV’s operational processes and meet the practical needs of clients in international trade.
