-          Currency: VND, CNY, LAK

-          Letter of entrustment is issued by the issuing bank to the trust partner bank to order a money deduction from its account to transfer to the account as specified.

-          Letter of entrustment is used in the event of a capital transfer when the amount on the account exceeds the prescribed limit.

Benefits

-          Money transfer with specialized documents is convenient, quick and accurate with simple procedure and low cost as Agribank has signed Cooperation Agreements on Viet Nam – China cross border payment with four Chinese commercial banks: Agricultural Bank of China, Bank of China, Industrial and Commercial Bank of China, Chian Construction Bank; Agribank also signed Cooperation Agreement on Viet Nam – Laos cross border payment with Phongsavanh Bank.

-          Customers can make money transfer by letter of entrustment for cross border payment at any branch of Agribank in cities and provinces nationwide.

-          All information of customer’s transactions is kept confidential

How to apply

-          Request for money transfer and signed original transfer order in Agribank’s form.

-          The documents for money transfer presented in compliance with the current regulations on foreign exchange management and non-cash payment of the State bank of Vietnam.

Fees

-          Fees apply according to current Schedule of Fees and Charges of Agribank

Delivery channels

-          Agribank branches/transaction offices.

Technology applied

-          Agribank uses automated accounting system.