Forward exchange

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.