International payment service

Product information
Announcements

Fast and secured payments

Reasonable fees

Consultancy on contract terms

IntroductionBIDV provides customer with payment service for cross border trade with Chinese partners in CNY or VND with the most competitive exchange rates.

FEATURES

- For import payments: Upon receiving and checking documents presented by customer, BIDV shall make payments to exporter through Chinese banks via internet banking, bill of exchange…
- For export payments: BIDV shall make credit to customer's account after receiving remittance from Chinese banks.

BENEFITS

- Fast and secured payments.
- Reasonable fees.
- Consultancy on contract terms

FORMS

Fast and secured transactions

Fast and secured transactions through BIDV's worldwide network

Consultancy

Consultancy for customer regarding the contract terms

Export financed

Export financed in various forms

IntroductionBIDV provides exporters with fast and secured international payment services, including: - Export L/C - Export collection - Inward remittance

FEATURES

1. Export L/C: upon receiving LC from issuing bank, BIDV provides the following services:
- advising LC/ LC amendment to beneficiary
- confirming LC (if requested)
- Document checking and sending for collection
- transferring LC (if requested)
2. Export collection
Documentary collection is a payment method in which the exporter authorizes the bank to collect money from the importer based on the shipping documents with the condition that the bank will hand over documents to the importer to receive goods only when the importer pays or accepts to pay the Bill of exchange.
BIDV receives documents from you, then checks and sends them to foreign bank for collection.
Types of collection
D/P (Documentary against Payment): The bank will hand over the documents to the importer only when the importer makes payment.
D/P (Documentary against Acceptance): The bank will hand over the documents to the importer only when the importer accepts to pay the Bill of exchange at maturity.
3. Inward remittance:
Inward remittance is for exporters with payment terms as T/T and receiving money from foreign partners through SWIFT remittance system between foreign banks and BIDV.

BENEFITS

Fast and secured transactions through BIDV's worldwide network.
Consultancy for customer regarding the contract terms, L/C terms and forms of payments, with the purpose of ensuring the most benefits for our customer.
Export financed in various forms.

FORMS

Fast and secured transactions

Fast and secured transactions through BIDV's worldwide network

Consultancy

Consultancy for customer regarding the contract terms, L/C terms and forms of payments

Import financing

Import financing are provided in various forms

IntroductionBIDV provides importers with fast and secured international payment services, including: - Import L/C - Import collection - Outward remittance

FEATURES

1. Import L/C:
Letter of Credit (L/C) is a payment method in which the issuing bank, upon request of the applicant (the importer), commits to pay a certain amount of money to the beneficiary (the exporter) or accept the bill of exchange drawn by the beneficiary after receiving the documents in conformity with the terms and conditions of the L/C.
BIDV provides the following service regarding Import LC:
- L/C issuance
- L/C amendment
- Delivery authorization/Bill of lading endorsement/Delivery guarantee
- L/C settlement
2. Import collection:
Documentary collections is a payment method in which the exporter authorizes the bank to collect money from the importer based on the shipping documents, with the condition that the bank will hand over the documents to the importer to receive goods only when the importer pays or accepts to pay the Bill of exchange.
Upon receiving collection documents from overseas bank, BIDV will inform and request customer (importer) to pay or accept to pay the Bill of exchange at maturity and then hand over the documents for customer to receive goods.
Types of collection
D/P (Documentary against Payment): The bank hands over the documents to the importer only when the importer makes payment.
D/P (Documentary against Payment): The bank hands over the documents to the importer only when the importer accepts to pay the Bill of exchange at maturity.
3. Outward remittance:
This service allows importers to make payments through telegraphic transfer in various currencies with simplified documentation and fast procedure.

BENEFITS

Fast and secured transactions through BIDV's worldwide network.
Consultancy for customer regarding the contract terms, L/C terms and forms of payments, with the purpose of ensuring the most benefits for our customer.
Import financing are provided in various forms.

FORMS