FOR IMMEDIATE RELEASE October 5, 2012
Lawton King (202-565-3200)
Washington, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) is scheduled to offer a series of trade-finance seminars in cities throughout Vietnam, one of the Bank's nine key markets, from Oct. 10 to Oct. 16 as part of a roadshow designed to boost U.S. exports to the region.
The half-day seminars, organized in conjunction with the American Chambers of Commerce of Hanoi and Ho Chi Minh City, will introduce the Vietnamese participants to Ex-Im Bank's menu of products by way of outreach, training, and market sounding.
Ex-Im Bank representatives will publicize the availability of the Bank's export financing, explain how Vietnamese companies can access the Bank's programs, and listen to Vietnamese buyers to learn how the Bank can accommodate their needs.
We are excited about the growth opportunities in Vietnam and want to see companies tap into Ex-Im Bank for their financing, said Ex-Im Bank Chairman and President Fred P. Hochberg. Our exports will help grow jobs both in the United States and Vietnam.
Ex-Im Bank recently approved a $118 million direct loan to the government of Vietnam for the export of a Lockheed Martin Space Systems Company telecommunications satellite.
About Ex-Im Bank:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years, Ex-Im Bank has earned for U.S. taxpayers $1.9 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance, and financing to help foreign buyers purchase U.S. goods and services.
Ex-Im Bank approved $32.7 billion in total authorizations in FY 2011 -- an all-time Ex-Im record. This total includes more than $6 billion directly supporting small-business export sales -- also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $41 billion in U.S. export sales and approximately 290,000 American jobs in communities across the country. For more information, visit www.exim.gov.