(Updated at 10:3, 8/9/2010)
Individual customers can buy / sell foreign currencies directly at Agribank when committed to comply with current regulations of Vietnam on foreign exchange management.
Forward Foreign Exchange transaction represents a binding obligation to buy or
sell a certain amount of foreign currency at a pre-agreed rate of exchange, for
settlement on a certain future date.
rate from the time of transaction, can be used to hedge exchange rate risk
from the deal is foreseeable
use USD to buy the bank's foreign currency through Foreign Exchange Spot
trading must present documents to provide sufficient information about the
purpose, amount and type of currencies involved, time of payment according to
the current regulations on foreign exchange management and a commitment to use
the foreign currency purchased in accordance with purposes prescribed in the
regulations on foreign exchange control of Vietnam.
complete the Forward Foreign Exchange contract
apply according to current Schedule of Fees and Charges of Agribank
uses automated accounting system.