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VIB Case Study Solution

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5: CONCLUSION
5.1. Solutions to improve credit risk management in trade financing in VIB
Through the case study analysis in the previous chapter, we can see clearly the shortcomings needed to be improved in VIB now. In addition, the survey result in the following chart will make clear the solutions which should be applied in VIB.
Figure 7 The survey result of solutions and recommendations to VIB (Source: Survey results made in VIB staffs)
5.1.1 Improving credit risk management capacity
In the above chart, 67% surveyees said that improving credit risk management capacity was an important solution to VIB. To enhance the credit risk management capacity, VIB needs to improve the credit risk management structure with the creation of the following groups and departments.
5.1.1.1 Setting up a trade financing risk management group …show more content…
As at the end of 2014, the bank’s trade financing service fees had brought in VND 80 billion, accounting for 87.69% of all service fees and increasing 18.68% over 2013. In the recent five years, VIB has been presented as “The best trade service” award from Citigroup. However, at present, in Trade Financing Division there is not a group in charge of risk management. Trade financing faces with a lot of risks in daily transactions because the customer’s demand in import-export trade financing services becomes more and more various and complicated. Therefore, risk management in trade financing is very important now. That needs a professional back-office risk management to support and alert risk happening. The risk management group in trade financing should be established inside the Trade Financing

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