ATS	1	1
AUD	13857	14159
BEF	1	1
CAD	16050	16474
CHF	13829	14167
DEM	1	1
DZD	1	1
EUR	23176	23598
FIM	1	1
FRF	1	1
GBP	31467	32207
GNF	1	1
HKD	2021	2070
ITL	1	1
JPY	138	142
MMK	1	1
NLG	1	1
SGD	10890	11158
SYP	1	1
THB	449	565
USD	15995	16025
VND	1	1
XOF	1	1

FOREX DEALING

Attention

This is the strongest field of Vietcombank in Vietnam. This services are provided in Vietcombank’s Operations Centers in Hanoi and Ho CHi Minh City and in 22 Branches country-wide.

• Being equiped with modern information-updating system and operating through global network of the large news companies such as Reuters, Bridge Telerate…

• Having skilled and specialized staff.

• Round-the-clock following up the market fluctuation, keeping an eyes on exchange rate fluctuation in domestic and international markets in every second.

• Being reliable partner of hundreds of foreign banks and leading financial institutions all over the world, with forex dealings turn-over amounting to tens of billion USD each year.

• Providing charge-free consultancy on asset management, risk prevention, suitable and benefitable business activities.

• providing the most attractive rates in Vietnam market.

Kinds of forex dealings

- Spot (instant dealings transaction):

Vietcombank can meet all rational demand of the customers with the attractive exchange rate, ensuring healthy competitiveness.

- Forward (maturity dealings transaction):

- The procedure is simple, the price is reasonable ensuring the liquidity, reducing costs, avoiding the exchange rate risk for customer from 30 to 180 days in maturity.

- Swap (exchange transaction):

By this method the enterprise can balance its foreign currency as well as VND cash flow, ensuring the liquidity while avoiding the exchange rate risk.

- Other mixed services upon customer requirement.

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Necessary procedure

• Selling foreign currency to the bank: no documents required.

• Buying foreign currency:

- Buying foreign currency to pay the bank debts

. Paying to domestic banks: presentation of the loan contract, debit statement and debts paying plan (if any).

. Paying to foreign banks: showing the loan contract with foreign bank, debit statement and repayment plan. The official letter registering the loans with State Bank (perrmission on foreign borrowing by the concerned authority).

- Buying foreign currency for import/export, services,

freights and insurance payment.

. Present the business permission

. Purchase/sale contract with foreign partner

. Perfect documents

- Buying foreign currency for staff going on business, study abroad

. Present the decision of going on business (signed by the director)

. expenses estimate (under the guideline of Ministry of Finance)

- Buying foreign currency to invest in joint venture.

. Present the investment permission (issued by Ministry of Planning and Investment)

. Investment contract

. In case the profits are transferred abroad, the confirmation on duly completion of the tax obligation to Vietnam State (issued by the Tax Department) is required.

- Buying foreign currency for member fees, annual subscription fee to international organisations

. Related documents issued by authorities

. Documents relating to the payment of that amount.

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Types of currencies

For the time being, Vietcombank is dealing with such kinds of foreign currency: GBP, USD, HKD, FRF, SRF, DEM, JPY, BATH, AUD, CAD, SIGD.

Contacts

For more details, please contact:

- Forex and Treasury Department: Vietcombank Operations Center

Address: 198 Tran Quang Khai, Hoan Kiem, Hanoi

Tel: 04 8 248 351

Fax: 9 331 319

- Forex and Treasury Department – HCM city Branch

Address: 29 Ben Chuong Duong, District 1, HCM City

Tel: 08 8 211 688

Fax: 8 297 228

or other Service Business Counters at the nearest Vietcombanks’ Branches.

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