Foreign currency trading category

Hedging

A hedging tool for exchange rate risk

Opportunities

Grasp market opportunities

Solutions

Solutions aligned to client's demand

PRODUCT FEATURES
  • General information: A foreign exchange option is an agreement by which the buyer of the option pays the seller a premium for the right, but not obligation, to buy or sell a specific quantity of a foreign currency at a pre-agreed exchange rate in a specific period of time or on a certain future date.
  • Transaction currencies: currency/currency pairs such as GBP/USD, EUR/USD, AUD/USD, USD/JPY, USD/CAD,... (foreign currency/VND has not been applied).
PRODUCT BENEFITS
  • A hedging tool for exchange rate risk
  • Unlimited profitability and market opportunities
  • Predetermined costs
WHY BIDV?
  • A wide network throughout Vietnam (Please click here for list of transaction offices)
  • A leading bank in the foreign exchange market in Vietnam with abundant sources of foreign currency and tremendous experiences.
PROCEDURES AND DOCUMENTATION
  • Documentation:
  • For buying foreign currencies, documents and receipts providing full information on the purpose, quantity, type of foreign currency, terms of payment and money transfer are required in accordance with current regulations on foreign exchange management and of BIDV. 
  • Procedures: 
  • Client will sign foreign currency option contracts with BIDV
  • Open margin account as regulated
  • For more information, please contact: 24/7 Customer Care Center: please call 19009247 or email to bidv247@bidv.com.vn or visit the nearest branches/transaction counters

Foreign currencies

Various types of foreign currencies (cash, bank transfer)

Procedure

Quick procedure with foreign currency selling program via IBMB

Rates

Competitive rates

PRODUCT FEATURES
  • Spot:
  • A transaction in which client sells a certain amount of foreign currency at the current market rate, for settlement in two business days from the transaction date.
  • Meeting the immediate needs of clients
  • Forward:
  • A transaction of selling a certain amount of foreign currency at the current market rate, for settlement on a certain future date.
  • Contract term: Conversion transactions between foreign currencies: Upon agreement between BIDV and clients, Foreign currency versus VND: from 3 days to 365 days.
  • A hedging tool for exchange rate risk, help clients control their cash flow
  • Transaction currencies: various types with more than 140 foreign currencies such as USD, EUR, GBP, JPY, KRW, AUD, TWD,..
WHY BIDV?
  • A wide network throughout Vietnam (Please click here for list of transaction offices)
  • A leading bank in the foreign exchange market in Vietnam with abundant sources of foreign currency and tremendous experiences.
  • The first domestic bank to apply foreign currency selling via IBMB 
     

Transaction currencies

Various types of foreign currencies (cash, bank transfer)

Confirmation

Confirmation for bringing foreign currencies overseas

Procedure

Quick procedure with on-line foreign currency buying registration

Rates

Competitive rates

PRODUCT FEATURES
  • Spot:
  • A transaction in which client buys a certain amount of foreign currency at the current market rate, for settlement in two business days from the transaction date.
  • Meeting the immediate needs of clients
  • Forward:
  • A transaction of buying a certain amount of foreign currency at the current market rate, for settlement on a certain future date.
  • Contract term: Conversion transactions between foreign currencies: Upon agreement between BIDV and clients, Foreign currency versus VND: from 3 days to 365 days.
  • A hedging tool for exchange rate risk, help clients control their cash flow
  • Transaction currencies: various types with more than 140 foreign currencies such as USD, EUR, GBP, JPY, KRW, AUD, TWD,...
WHY BIDV?
  •  A wide network throughout Vietnam (Please click here for list of transaction offices)
  • A leading bank in the foreign exchange market in Vietnam with abundant sources of foreign currency and tremendous experiences.
  • The first domestic bank to apply Online foreign currency buying registration 
PROCEDURES AND DOCUMENTATION
  • Documents and receipts providing full information on the purpose, quantity, type of foreign currency, terms of payment and money transfer are required in accordance with current regulations on foreign exchange management and of BIDV. 
  • 1. Study abroad
  • Notification on tuition fees and living expenses (if any)
  • Passport and valid visa  (for non visa-exempt countries)
  • Airfare (if buy in cash)
  • Proof of family relationship (in case the transactor is not the student)
  • Limit:
  • For tuition fees: Amount sold shall follow tuition fee notification. 
  • Living expenses:
  • - In case the School's notification on living expenses is provided: Amount sold shall follow the notification.
  • - In case School's notification on living expenses is not available, maximum amount sold shall be USD15,000/person/year depending on country of study
  • 2. Medical treatment abroad
  • Notification on treatment expenses of foreign health-care facilities
  • Medical treatment admission/Referral for medical treatment abroad
  • Passport and valid visa (for non visa-exempt countries)
  • Airfare (if buy in cash)
  • Proof of family relationship (in case the transactor is not the student)
  • Limit:
  • Hospital's fee: Follow notification of the health-care facilities
  • Other expenses: As announced by the health-care facilities or up to USD10,000/person/time
  • 3. Overseas business trip
  • Decision on sending abroad for business trip
  • Expense notification of foreign partners (if any)
  • Passport and valid visa (for non visa-exempt countries)
  • Airfare (if buy in cash)
  • 4. Overseas travel and tourism
  • Notification on overseas travel and tourism's expenses (if any)
  • Passport and valid visa (for non visa-exempt countries)
  •  Airfare (if buy in cash)
  • Limit: As per notification or up to USD5,000/person/time
  • 5. Payment of foreign fees and charges
  • Fee/charge notification of foreign parties
  • ID card (in case of transferring foreign currency) or Passport and air ticket or similar documents (in case of carrying foreign currency)
  • Limit: As per the notification
  • 6. Support relatives overseas
  • Papers evidencing relative relationship
  • Valid documents evidencing that the beneficiary is living abroad
  • Document showing necessary amount (if any) Airfare (if buy in cash)
  • Limit: Up to USD7,000/person/year or as per necessary amount shown
  • 7. Transfer for inheritance’s purpose
  • Will, legally binding document on the inheritance division, or the agreements among legal inheritors
  • Papers confirming the inheritance giver is dead
  • Paper evidencing amount of money to be transferred abroad is inherited
  • Valid papers evidencing that the beneficiary is residing overseas
  • Lawful authorization letter (in case the transactor is not the heir)
  • 8. Money transfer for permanent residence’s purpose
  • Valid documents issued by a foreign competent authority allowing permanent residence
  • Papers evidencing the origin of money to be transferred abroad (savings book, bank note, property transfer contract, labor contract, payroll, etc.)
  • Lawful authorization letter (in case the transactor is not the heir)
  • For more information, please contact: 24/7 Customer Care Center: please call 19009247 or email to bidv247@bidv.com.vn or visit the nearest branches/transaction counters

Easy and quick registration

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