Receiving deposits from financial institutions:
(Updated at 16:36, 11/8/2010)
According to cooperation agreement between Agribank and other financial institutions, Agribank’s Operations Centre receives deposits from other financial institutions under following forms: opening Vostro account, opening time deposit account. This service is applicable to the State Bank and other financial institutions allowed operating in both national and international inter-bank market and having transaction limit with Agribank and other financial institutions.

Main features:


-          Capital for project investment from f financial institutions through cooperation between Vietnam Government and Foreign Government.

-          Capital from term deposit contracts signed between Agribank and the State Bank or between Agribank and financial institutions

-          Term: non-term, overnight, daily, monthly, per quarter

-          Interest rate: non-term or agreed by both sides based on interest movement of the market.

-          Principe: strictly subject to rule of limit, ensure obligatory reserve ratio, liquidity and using capital safety and effective.

-          Currency: VND and other free transferable currency


Distribution channel/ Contact:


-          The State bank and other financial institutions directly contact Agribank’s Operations Centre through FX Managing Department




-          Transactions are completed through Reuters Dealing System or Fax

-          After approved, data will be entered in to IPCAS and confirmation will be made by SWIFT or fax and then transaction will be monitored to make payment on the due date.

-          Profit and stop loss limit in forex dealing of Agribank’s Operations Centre is decided by Chairman of Board of Directors.

-          Limit of buying and selling foreign currency in option with other financial institutions will be defined by General Director for each of time.

-          Limit of buying and selling foreign currency in spot of FX Department and each of its officers will be fixed by Director of Agribank’s Operations Centre.

-          Transaction principle: safe, effective, subject to FX dealing limit and ensure liquidity of the Agribank and maintain foreign currency balance adapted to the Sate bank’s rule for a certain period.

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