News

BIDV-SuMi TRUST Leasing Co., Ltd. (BSL), a subsidiary of BIDV, signed a cooperation agreement with Fuji Xerox Vietnam Co., Ltd. (FXV) on boosting the business of products and solutions of FXV through finance lease – a supply chain finance model which has been strongly developed in Japan.

The supply chain finance model is relatively new in Vietnam. BSL is set to implement and boost this model, drawing on the experience of SuMi TRUST and utilizing the firm’s modern technology.

Under the agreement, FXV and BSL will cooperate to provide authentic products and services through finance lease which are tailored to each customer’s requirements for the installation and upgrading of office equipment. Customers wishing to install a photocopier may choose the latest services of Fuji Xerox and use the financial leasing service provided by BSL, which offers fast and convenient procedures.

The supply chain finance model enables customers to save initial costs, thereby freeing up capital for use in other areas of their assets and access the latest modern technology – important in today’s climate where machines such as office automation system are regularly upgraded. Under the new cooperation between BSL and FXV, the process of evaluating assets and documents will be boosted, facilitating customers to invest in new assets.

In Japan, finance lease for office automation equipment accounted for about 8% of total financial leasing volume. There systems are the key assets for lease in supply chain finance model. The cooperation between BSL and FXV marks BSL’s delivery of its supply chain finance strategy in Vietnam, while opening up more business opportunities for FXV nationwide.

Fuji Xerox Japan is an important and long-established partner of SuMi TRUST. FXV is wholly owned by Fuji Xerox Japan and has been present in Vietnam for over 20 years. The company is a leading provider accounting for 30% of the market share of multifunctional equipment and modern office automation solutions.