(Updated at 15:22, 13/7/2010)
Enterprise customers or economic entities that are allowed to deal in foreign exchange can buy / sell foreign currencies directly at Agribank when committed to comply with current regulations of Vietnam on foreign exchange management.
Spot Foreign Exchange transaction represents
a binding obligation to buy or sell a certain amount of foreign currency at the
current market rate. The standard settlement timeframe for Spot Foreign
Exchange transactions is 2 days from the date of trade execution.
are simple, convenient, and safe
do not pay any fee.
How to apply
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 Foreign Exchange Spot contract
apply according to current Schedule of Fees and Charges of Agribank
uses automated accounting system.