Buy and sell foreign currency at a predetermined exchange rate and the payment will be made at a specified date in the future.
Customer needs:
- Import - Export payments;
- Transfer of funds or investment overseas;
- Control of exchange rate fluctuation which might negatively affect future income and expenditure.
Our solutions:
Forward foreign exchange (FORWARD):
- Use the foreign exchange rate for an agreed period: the exchange rate is determined base on (i) spot foreign exchange rate, (ii) interest rate difference between two currencies; (iii) contract term.
- Flexible terms based on Corporate needs:
- Forward between VND and other foreign currencies: minimum term is 3 days, maximum is 365 days from transaction date.
- Forward between 2 foreign currencies: term of payment is negotiated between VietinBank and the Customer.
