Long term valuable papers are
valuable papers with term of one year or more from issuance to expiration, consisting of 6 items:
1. Bond with full interest paid in
2. Bond with full interest paid at
3. Bond with periodical interest
4. Certificate of long term deposits
with full interest paid in advance
5. Certificate of long term deposits
with full interest paid at maturity
of long term deposits with periodical interest payments
certificate: the certificate which shows name of the owner.
certificate: the certificate without name of the owner, Bearer certificate is
belonged to the holder.
opening: the certificate issuing branch will open a certificate account for the
owner and give the owner a certificate confirming the certificate account.
- Term: at least 1
- Currency: VND, foreign currencies.
- Minimum value: 100.000 VND, 100 USD or equivalent in other
- Maximum value: VND 1 billion, 100,000 USD or equivalent in
principal payment shall be made to customer at the Agribank’s counter where the
certificate was issued or at any Agribank’s other counters (for the bear
at maturity: The principal shall be fully paid to customer at maturity.
after maturity: If at maturity, the customer will not receive the principal
payment, Agribank will not renew for another term, the principal shall bear the
current demand interest rate for the period after maturity. Interest shall be
calculated and paid to customer upon his/her receipt of principal payment.
Agribank will not apply prepayment.
rate adjustment method: fixed interest rate or interest adjusted in each
calculation: Interest = Face value* interest rate* term
payment: interest is paid every 6 months or a time frame of multiplier of 6
The customer can buy
the certificate of long term deposits at the counter of Agribank’s branches.
about the address of Agribank branches and transaction offices could be