(Updated at 14:28, 12/8/2010)
Spot is an agreement between Agribank and a financial institution on buying and selling an amount of foreign currency at a certain exchange rate, including the following details: the two parties, currency, amount, exchange rate, transaction date, payment date, payment instruction. This service applies to financial institutions that have the permission of foreign exchange dealing.

Main features

-          Transaction date: the day the contract is signed

-          Payment date: 2 days after the transaction date

-          Exchange rate: upon agreement (USD/VND exchange rate must not beyond the limit  set by SBV). There are 2 methods of choosing spot rate:

o        Spot rate announced by banks

o        Cross rate

-          Bid rate = (Bid rate of the valuation pair) / (Ask rate of the quotation pair)

-          Ask rate = (Ask rate of the quotation pair) / (Bid rate of the valuation pair)




-          Transfer via the Nostro account with foreign banks or with the Operations Centre of the State Bank of Vietnam.


Distribution Channel


-          For financial institutions customers: contact Foreign Exchange Dealing Department – Agribank Operations Centre directly.




-          Spot transaction is carried out by means such as: Reuters, phone, fax,...

-          Spot transactions with with financial institutions that have not participated in Reuters system is conducted by signing contract via Fax, the original contracts sent via EMS.

-          When dealing is completed, Agribank Operations Centre put the transacted data into the IPCAS system.

-          Chairman of BOD of Agribank determines the loss limit in fund and foreign exchange trading for Agribank Operations Centre.

-          Trading limits applying to financial institutions in each period are determined by General Director of Agribank. .

-          Trading limits of Foreign Exchange Department and of each dealer are decided by Director of Agribank Operations Centre- Transaction principle: safe, effective, follow the trading limit and fx positionFX position regulated by the State Bank of Vietnam in each period.

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ATM/POS locations

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Registration form

Applied at Operations Centre of Agribank

Exchange Rate
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Applied at Agribank Operations Centre

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