Account > Financial Institutions

ACCOUNTS FOR FINANCIAL INSTITUTIONS

Vietcombank is now considered as an interbank forex payment center for over 100 domestic banks and foreign banks’ branches in Vietnam.

With its traditional reputation, advanced IT system and skillful and enthusiastic staff, Vietcombank is able to answer all your needs with the fastest, most accurate, safest and lowest-fee services.

Opening account at our Bank, you are having more advantages: all your capital needs are met with favourable lending and borrowing interest rates and overdraft offered ensuring your organisation’s liquidity.

The most simple procedures are applied for customers opening accounts at our Bank.

Our Bank offers preferential and attractive interest rates.

There’s an easy and free-of-charge capital positioning between localities of one Credit Institution or between Credit Institutions at Vietcombank’s units.

1.   Introduction

1.1.      Type of Account

-         Demand Deposit Account

-         Fixed Deposit Account

-         Cash-cover...

1.2.      Currency Type

Vietnamese Dong, US Dollar and other freely convertible currencies (as referred in Interest rate item)

1.3.      Term

 Overnight, 01 week, 02 weeks to 12 months

1.4.      Minimum balance

10 million VND (currently applicable only to VND account).

1.5.      Interest rate

Interbank deposit interest rate is applied. If your institution is preferential customer of Vietcombank, you are offered a preferential rate (you will be provided with more details if you have password)

1.6.      Interest

a.    For demand or cash-cover accounts: Interest is added to principal monthly or on the day you withdraw the balance.

b.    For fixed deposit account: interest is paid once at maturity.

c.     Interest counting mechanism: actual depositing days.

1.7.      Electronic Banking service (E-Bank)

Having on-line network and database centralised management, Vietcombank is fully able to provide you with E-bank services. Using this service, you need to have only 1 PC with a modem and Vietcombank’s program installation technique and you can see the balances in your demand deposit, borrowing, cash-cover... accounts and other related information without having to go to the Bank. To date the State allows to use electronic signatures to transact between Credit Institutions, so you can propose us by sending messages through our network to transfer money. We also assist you in creating or amending messages ensuring fastness, correctness and efficiency.

2.            Contact

For more information, please contact:

Interbank Payment Dapartment – Vietcombank Operations Center

Address: 198 Tran Quang Khai Str., Hoan Kiem Dist., Hanoi

Tel: (84-8) 824 6395 – 824 1102

and all Vietcombank’s branches.