Vietcombank (vietnam) wire transfer

     
JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM, HANOI - SWIFT Code Information SWIFT Code / BIC Money Transfer Receive Money Bank / Institution Branch Name Address City Postcode Country Connection
BFTVVNVX Copy Send via Email
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JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
(HEAD OFFICE)
VIETCOMBANK TOWER, 198 TRAN QUANG KHAI ST
HANOI
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Vietnam
Active
BFTVVNVX - SWIFT Code Breakdown SWIFT Code Bank Code Country Code Location & Status Branch Code
BFTVVNVX or BFTVVNVXXXX
BFTV - code assigned to JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
VN - code belongs to Vietnam
VX - represents location, second digit "X" means active code
XXX or not assigned, indicating this is a head office

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What is a SWIFT Code?

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

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SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in "XXX") refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

First 4 characters - bank code (only letters) Next 2 characters - ISO 3166-1 alpha-2 country code (only letters) Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits) Last 3 characters - branch code, optional - "XXX" for primary office (letters and digits)

The downside of international transfers with your bank

When you send or receive money using your bank, you might lose out on a bad exchange rate and pay hidden fees as a result. That"s because the banks still use an old system to exchange money. We recommend you use Wise (formerly TransferWise), which is usually much cheaper. With their smart technology:

You get a great exchange rate and a low, upfront fee every time. You move your money as fast as the banks, and often faster – some currencies go through in minutes. Your money is protected with bank-level security. You join over 2 million customers who transfer in 47 currencies across 70 countries.

The registrations of SWIFT codes are handled by Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.


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When you send or receive money using your bank, you"ll often be charged an additional fee hidden behind a bad exchange rate.

Millions of people have saved money with Wise – you could too! By sending and receiving with Wise (formerly TransferWise) you"ll get the real exchange rate every time, and a free first transfer up to £500.


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