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VND – Vietnamese Dong

Overview

This currency is considered to be restricted, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Vietnam.

Currency Guidelines

Besides the standard information, a clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

In case of tax payments: the tax code, tax chapter and item number are mandatory and should be added to the remittance information.

This currency does not have any decimal places.

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge options: OUR/SHA/BEN

• A lot of beneficiaries hold a USD account locally (common practice in Vietnam). Please ensure that the beneficiary’s account number given by the customer is a VND account and not a USD account.

• Central bank of Vietnam: http://www.sbv.gov.vn/