EXPORT PAYMENT

With the strength of being one of the largest State-owned commercial banks of Vietnam, having a  wide business network, modern computer system and advanced data processing banking technology, providing a range of banking products and services of high quality, having prestige with domestic and international customers and being a member of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), VietinBank can meet any demand of customers for services related to import-export payment in a quick, accurate, effective and safe manner.

1. Benefits for customers
 

• Minimize risks in foreign trade payment
• Transactions are handled quickly and conveniently
• Ensure safety, efficiency, security
• You – as an exporter - will create prestige with your business partners when making transactions via VietinBank, enjoying the advantages of VietinBank’s automatic, quick, accurate, safe and worldwide data processing system.
• You can get consultancy from VietinBank’s professional and enthusiastic staff to select the most beneficial payment terms in compliance with the existing international practices
• Flexible, attractive, negotiable fees for large transactions
• Diversified and timely support services
• Serving time: 12 hours per day

2. Export letter of credit (L/C)
 

• Export L/C confirmation
  
• Export L/C transfering
  
• L/C and L/C amendment (if any) advising
  
• Shipping documents processing
  
• Export L/C settlement
  
• Document negotiating

This is an outstanding product of VietinBank, ensuring that the exporter will be paid upon delivery of goods/services and presentation of the documents complied  with the terms and conditions of the L/C. VietinBank will serve you as an advising bank, paying bank, confirming bank or negotiating bank.

• You will receive consultancy about unfavorable or  exceptional points,... upon receipt of L/C and during preparation of documents to claim for payment according to L/C.
• You will be financed through export financing solutions with favourable terms and preferential interest rates.
  
  

Required documents for export L/C:

• The authenticated original L/C (the original must be dated, sealed and signed by the advising bank’s authorized person) and authenticated original amendments of the L/C.
• The advising bank’s original advice of L/C and original advices of L/C amendments . The value claimed for payment must match the value of delivered shipment.
• Original documents complied with L/C
• Export L/C Document Presentation Form (in case of no request of negotiation) or Negotiation request cum debenture note (in case of request of negotiation)

3. Export collection

After exporting the goods, you can use the export collection services of VietinBank. VietinBank will send the documents to the foreign bank as instructed for collection, track payment and  transfer the payment amount to your account upon payment effected.

• You will receive professional consultancy to minimize your risks and costs.
• You will be supported through document negotiation and export financing solutions.

Required documents for export collection:

• Export Collection Document Presentation Form
• The original collection documents

4. Contact
 

• Export Settlement Department – VietinBank Main Operation Center - VietinBank
  • 108 - Tran Hung Dao - Ha Noi
  • Tel: 04 39421205 – Fax: 04 39421 040
• Import-Export Settlement/Trade Finance Division of Corporate/SME  Banking Department at every branch of VietinBank nationwide