IMPORT 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 importer - 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. Import L/C

• L/C issuance
  
• L/C amendment/cancellation
  
• Shipping guarantee issuance/Assignment to take the delivery/Bill of lading endorsement
  
• L/C settlement
  
• Import L/C confirmation

You import goods and your  partners want to select a secure payment method, VietinBank will issue L/C for you and pay/accept to pay foreign banks upon receipt of compliant shipping documents within the validity of the L/C.

• You will receive free consultancy on  international trade rules and practice and special terms and conditions of the L/C in order to minimize risks arising from foreign trade payments.
• VietinBank will be responsible for checking the compliance of the documents.
• You will be financed through import financing solutions.

Required documents for L/C issuance:

• Application for L/C issuance
• The decision of enterprise establishment (for the first transaction)
• Business registration certificate (for the first transaction)
• Tax code registration (for the first transaction)
• Original sale contract (the contract which was signed via fax must be signed and stamped on the copy)
• Entrusted import contract (if any)
• Import permit by the Ministry of Trade (if the goods imported under the Goods Import-Export Control list stipulated in the Annual Goods Import-Export Control Decision by the Prime Minister)
• Payment Commitment (in case of self-financing), Loan Commitment (in case of financing by Vietinbank)
• Payment order (in case of deposit)
• The foreign currency purchase contract (if any)

3. Import Collection

• Collection receipt and advising
• Shipping guarantee/Assignment to take the delivery/B/L endorsement
• Import collection settlement

You import goods and choose collection as the method of payment, then you want to select a collecting bank to receive the documents sent from abroad, notify you and make payment to the foreign beneficiary in accordance with the collecting instructions. Import collection services of VietinBank will enable you to receive the documents to take the delivery quickly and make payment in a most convenient way.

• You will get free professional consultancy to minimize risks and costs. 
• You will be satisfied with quick and accurate operation handling skills
• You will be supported through import financing solutions

4. Contact

• Import Settlement Department – VietinBank Main Operation Centre - VietinBank
  • 108 - Tran Hung Dao - Ha Noi
  • Tel: 04 39421207 – Fax: 04 39421 040
• Import-Export Settlement/Trade Finance Division of Corporate/SME  Banking Department at every branch of VietinBank nationwide