Vietnam Export Import Commercial Joint-Stock Bank (Eximbank) provides outward remittance services to individual and corporate customers in any business sectors from manufacturing to trading and services, etc. thanks to our large international correspondent relationships via SWIFT with more than 700 large banks in over 70 countries worldwide. Our services are quick, precise and safe with simple procedure and the most competitive fee.

 - Import bills payment:

• Advance payment
• Payment after receipt of goods

- Services payment:

• Commission payment.
• Freight collected payment.
• Payment for membership fees, registration fees for international conferences
• Payment for trademark, brand name and copyright registration fees, advisory services and technology transfer contracts.
• Payment for hiring fair/exhibition stands.
• Indemnity payment for exported goods and services.
• Advance payment for overseas bid.
• Payment for expenses for business trip; overseas study, surveys, seminar and workshop attendance.

- Loans repayment by Vietnamese enterprises
- Transferring investment capitals abroad for Vietnamese enterprises
- Transfer of foreign bidder’s incomes to overseas
- Transferring profits of foreign abroad – invested enterprises
- Transfer of salary and legitimate incomes of foreigners working in joint ventures, foreign- owned companies or for business cooperation contracts.
- Transferring foreign currencies abroad for Vietnamese citizens for the following purposes:

• Oversea study
• Business, travel
• Charges and fees settled to foreign partners
• Medical treatment
• Immigration
• Subsidy to relatives
• Inheritance …

- Remittance order (per Eximbank’s form)
- Based on the payment terms and conditions specified in the contract, customers have to present documents relevant to the payment.

 * For import bills payment:
a. Advance payment
- The commercial contract stipulating advance payment clause.
- Import license: if required
- Commitments to use foreign currencies for the right purposes, to take full responsibility for the advance payment and submit to the bank the customs declaration after the receipt of goods.

b. Payment after receipt of goods
- Commercial contract
- Import license: if required.
- Customs declaration of imported goods
- Commercial invoice
- Confirmation of the loan registration and foreign loan repayment from the State Bank (in case the contract payment term exceeds one year, or the payment date is over one year from the date of goods receipt stated in the customs declaration form).

 * For service payment:
- Services contract
- Pro-forma invoice for payment
- Documents supporting the service completion

 * For foreign debt repayment:
- Foreign loan agreement.
- Confirmation of the loan registration and foreign loan repayment from the State Bank (for medium and long term loans).
- Credit advice of the foreign loan amount.

 * For transfer of investment funds abroad:
- Overseas investment license granted by Vietnamese competent authorities.
- Confirmation of the foreign currency account opening and the transfer of investment funds abroad from the State Bank Branch in the province/city location of the enterprise.

 * Outward remittance of foreign bidder’s incomes
- Bidding contract.
- License of the bid project.
- Confirmation of the investor on the partial or whole completion of the bid contract.
- Certification of financial obligations fulfillment as stipulated by the laws.

 * For transferring abroad the foreign-owned companies’ profits:
- The Minutes of the Board of Directors on profit distribution (stating clearly the transferred amount and the foreign beneficiary’s name).
- Auditor’s certification on the business performance.
- Certification by tax authorities on tax duties fulfillment.

* For other purposes:
As the case may be, customers will have to present documents in compliance with the F/X control regulations.

Certified copies of remittance documents of the remitter are presented with their originals for the bank’s reference.