1. INWARD REMITTANCE

Features

• With worldwide correspondent banking network and modern technology (SWIFT), IVB commits to provide customers the inward remittance service safely, quickly with reasonable and competitive cost
• Funds can be received in USD or VND at the best exchange rate
• IVB immediately informs customer upon crediting fund to customer’s account via SMS service (if registered).

Conditions

• Corporation in need to receive money transferred from overseas in accordance with current regulations on foreign exchange control by State Bank of Vietnam
• As for funds transferred for purposes of capital contribution or overseas medium, long term borrowing, beneficiary is required to present the relevant licenses/certificates in accordance with regulations on foreign exchange control of State Bank of Vietnam
• Provide full and detailed information to remitter, by filling in the form of International Payment Instruction, including beneficiary’s name and account number at IVB, IVB SWIFT code IABBVNVX.

Documents required

• Foreign exchange contract (if any)

Fees: As per IVB’s current charge and fee schedule, including

• Inward remittance fee

B. OUTWARD REMITTANCE

Features

• With worldwide correspondent banking network and modern technology (SWIFT), IVB commits to provide customers the overseas remittance service safely, quickly with reasonable and competitive cost.

• Funds can be transferred in various currencies
• Attractive exchange rate
• Free consultancy
• Simple and quick procedures
• Remitter can have a copy of payment order (SWIFT message) in the soonest if required.

Conditions

• Corporation wishes to transfer money overseas with legitimate purposes.

• Customer has to submit supporting documents evidencing the purpose of transfer in accordance with regulations on foreign exchange control of State Bank of Vietnam and of IVB. Kindly contact the nearest IVB’s branch for details

Documents required

• Fill the IVB’s Transfer Application form and provide the exact beneficiary’s information, including name and account number, beneficiary bank name, address and SWIFT code.
• Documents required:
  1. Transfer Application form
  2. Foreign exchange contract (if any)
  3. Relevant supporting documents evidencing the purpose of transfer
  4. Other related documents (if required)

Fees: As per IVB’s current charge and fee schedule, including

• Outward remittance fee
• Cable charge
• Other arising fee (if any)