KHDN_FAQ

Corporate Banking

- 1. Are corporate customers entitled to deposit interest on margin accounts ?
  
  Depending on the type of deposit, customers will enjoy competitive interest rates of VCB margin account service.
- 2. Can Vietcombank customise a solution to meet the business’s specific supply chain ?
  
  Vietcombank provides comprehensive financial solution packages designed specifically for business supply chains. Following a discussion of your company's characteristics, Vietcombank will advise and design an optimal solution for your supply chain.
  
  Please contact Vietcombank's branches nationwide for information and service provision.
- 3. Do corporations need to prove the purpose of buying foreign currency to conduct a transaction ?
  
  To execute a foreign currency purchase transaction, our customers must comply with the regulations of the Law and the State Bank. Therefore, customers need to substantiate the purpose of buying foreign currency when transacting with Vietcombank.
- 4. Does VCB assist Enterprises in finding strategic partners in M&A activities ?
  
  Vietcombank is committed to support customers to connect with businesses around the world on the basis of Contracts/ Agreements between the two Parties, with the advantage of a global network of branches, representative offices and partners, especially our strategic partner Mizuho from Japan.
- 5. Does Vietcombank perform online L/C and guarantee services ?
  
  Vietcombank is ready to meet the needs of issuing and receiving L/C notice and guarantee on Vietcombank Corporate Channel system.
  
  If you are interested in our products, please contact Vietcombank's branches for consultation
- 6. Does Vietcombank provide the Revolving Letter of Credit?
  
  Vietcombank provides the revolving L/C for the customers, who are the Buyers, to pay known Sellers for consistent quantity and type of products traded for extended period of time.
  
  Benefits: Customers only needs to apply for one L/C for both the purchase and sale contracts, while the Sellers do not have to wait for a new L/C to be issued.
- 7. Does Vietcombank stipulate a minimum amount to start buying/selling foreign currency ?
  
  Vietcombank does not stipulate a minimum amount to initiate foreign currency transactions.
- 8. How many deposit accounts can be opened by Corporate customers at Vietcombank?
  
  Vietcombank does not limit the number of customers' current deposit accounts.
- 9. How to check the guarantee information issued by the Vietcombank ?
  
  To check the authenticity of Letter of Guarantee, the Customer can use our online guarantee information checking services at Vietcombank’s official website, or send a written request for authentication of Letter of Guarantee with copy of Letter of Guarantee to the Vietcombank’s address specified in the Letter of Guarantee.
  
  Check the guarantee information here
- 10. What are the available currencies and the current exchange rates ?
  
  Vietcombank currently purchases/sells 13 different currencies, including: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, SEK, SGD, THB, and KRW.
  
  Please visit our Exchange Rate page for the most up-to-date exchange rate information.

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