Vietcombank SWIFT Code: BFTVVNVX

Vietcombank SWIFT Code: BFTVVNVX

Vietcombank's SWIFT code is BFTVVNVX — the identifier used by international banks to route wire transfers to Vietcombank, Vietnam's largest state-owned commercial bank and its primary institution for foreign trade finance.

What Is the Vietcombank SWIFT Code?

The Vietcombank SWIFT code is BFTVVNVX. It is the primary SWIFT/BIC code for the Joint Stock Commercial Bank for Foreign Trade of Vietnam — operating commercially as Vietcombank — and applies to international wire transfers sent to Vietcombank accounts from outside the country. You may also see it written as BFTVVNVXXXX — the XXXX suffix (four characters) reflects Vietcombank's extended BIC format, and both versions are accepted by international sending banks.

The BFTV prefix in the code reflects Vietcombank's founding name: Bank for Foreign Trade of Vietnam (Ngân hàng Ngoại thương Việt Nam). Despite the rebrand to Vietcombank, the original SWIFT identifier was retained — which is why the code doesn't immediately read as "Vietcombank."

How to Wire Money from the US to Vietcombank

To send an international wire from the U.S. to a Vietcombank account, provide your bank with the following:

• Recipient name: Full legal name or registered business name, exactly as it appears on the Vietcombank account
• Account number: Full Vietcombank account number (typically 13 digits)
• SWIFT/BIC code: BFTVVNVX
• Bank name: Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)
• Bank address: 198 Tran Quang Khai Street, Hoan Kiem District, Hanoi, Vietnam
• Transfer currency: USD or VND
• Purpose of payment: Specific description of the commercial basis for the transfer
• Recipient address: Full physical address of the account holder

Vietnam does not use IBANs — account numbers are the primary identifier for Vietcombank accounts. If your wire form has an IBAN field, leave it blank.

The purpose of payment is required by the State Bank of Vietnam (SBV) for all incoming international wire transfers. Use specific, documentable language — "payment for garment manufacturing services — invoice [number]" or "contractor fee for software development per agreement dated [date]" — rather than generic entries. A vague or missing purpose triggers compliance review before Vietcombank releases funds.

USD vs VND Transfers to Vietcombank

Wiring USD to a Vietcombank VND account. Vietcombank converts incoming USD to Vietnamese dong at its prevailing exchange rate upon receipt, within the band set by the State Bank of Vietnam. The VND has maintained a managed float against the USD — the SBV sets a central rate daily and allows banks to trade within a defined band (currently ±5% of the central rate). This means VND conversion rates are more stable than fully floating currencies, but still subject to managed rate changes.

USD-denominated accounts at Vietcombank. Vietcombank offers foreign currency accounts (FCY accounts) that receive and hold USD without immediate conversion to VND. For U.S. businesses making regular payments to Vietnamese manufacturers, tech contractors, or vendors who invoice in USD, wiring to a USD FCY account is the preferred structure — it eliminates forced conversion and gives the recipient control over timing. Confirm whether the recipient holds a USD account before the first transfer.

SBV regulations on USD holding. The State Bank of Vietnam has periodically issued regulations limiting how long individuals and businesses can hold foreign currency before converting to VND. Policies change — confirm current SBV rules with the recipient or a Vietnamese legal advisor if long-term USD holding is a business requirement. For standard payment receipt and near-term conversion, the current rules are workable for most business use cases.

State Bank of Vietnam (SBV) Compliance for International Wires

The State Bank of Vietnam regulates all incoming international wire transfers and requires Vietcombank to apply its AML/CFT framework to every inward remittance.

Purpose codes. Every incoming international wire must declare a purpose tied to one of SBV's standardized purpose categories. Common codes for business transfers include payments for goods, services, professional fees, and technology transfer. Vietcombank may ask the recipient to complete a declaration form specifying the purpose before releasing funds — particularly for first-time transfers or amounts above reporting thresholds.

Documentation requirements. For business payments — particularly manufacturing payments, service fees, and technology-related transfers — Vietcombank requires supporting documentation before crediting the account. A commercial invoice, purchase order, or service agreement matching the declared purpose is the standard requirement. Recipients who maintain a documentation file for each U.S. business relationship resolve compliance requirements faster.

Reporting thresholds. Transfers above certain amounts trigger SBV reporting obligations. Vietcombank handles reporting to the SBV on the recipient's behalf, but recipients may be asked to provide documentation before funds are released. For U.S. businesses with manufacturing or tech outsourcing relationships in Vietnam, preparing documentation templates per supplier or contractor simplifies recurring payment processing.

First-time sender review. Vietcombank applies additional scrutiny to the first wire from any new international sender. Expect a longer processing window — up to two to three additional business days — on the first payment while Vietcombank establishes the remitting relationship in its records.

Vietcombank Branch-Specific SWIFT Codes

BFTVVNVX is Vietcombank's head office SWIFT code and handles the vast majority of international wire transfers. For specific Vietcombank branch offices or processing centers, extended SWIFT codes exist where the final characters identify a particular location:

• BFTVVNVXXXX — Head office (Hanoi)
• BFTVVNVXHCM — Ho Chi Minh City

For standard wire transfers to Vietcombank retail and business accounts — whether in Hanoi, Ho Chi Minh City, or elsewhere — BFTVVNVX routes correctly through Vietcombank's centralized international wire processing. The account number handles branch-level routing within Vietcombank's systems. Branch-specific SWIFT codes are more relevant for interbank treasury transactions. If a Vietcombank corporate banking contact specifies a branch code for a particular transaction type, use what they provide.

Common Mistakes When Wiring to Vietcombank

Missing transfer purpose. This is the most reliable cause of compliance holds on incoming wires at Vietcombank. SBV regulations require a declared purpose for all inward remittances. "Payment" or "services" without further specification is insufficient — Vietcombank will hold the funds pending clarification. Specific, invoice-linked language is required every time.

Wrong currency account designation. Wiring USD to a VND-only Vietcombank account when the recipient expects to hold USD — or wiring to a USD FCY account with an instruction to convert — causes unintended conversion at Vietcombank's rate or requires manual handling. Confirm account type and currency denomination with the recipient before the first transfer.

FX hold due to compliance documentation gaps. For manufacturing or technology payments above SBV reporting thresholds, Vietcombank will hold funds pending documentation review. Recipients who don't have contracts or invoices prepared face delays that can run several business days. Brief Vietnamese recipients on this requirement before the first transfer.

Using the wrong bank name. The correct full legal name is "Joint Stock Commercial Bank for Foreign Trade of Vietnam." Using "Vietcombank" alone as the bank name — without the full legal entity name — can create processing friction at the correspondent bank level. Include the full name in wire instructions.

Incorrect account number length. Vietcombank account numbers are typically 13 digits. A truncated or padded number causes the wire to be rejected. Confirm the full account number directly from the recipient's Vietcombank app or account documentation.

How Slash Helps

U.S. companies with Vietnamese manufacturing partners, tech outsourcing contractors, or supplier networks deal with one of the more documentation-intensive wire corridors in Asia — SBV purpose codes, first-transfer compliance delays, USD holding restrictions, and FX conversion variability all add friction to every payment cycle.

Slash is built for U.S. businesses managing international supply chain and contractor payment workflows. For Vietnamese vendors or contractors who can accept card payments, Slash virtual cards let you pay directly without initiating a wire — no SBV documentation hold, no VND conversion at Vietcombank's rate, no multi-day processing window. For wire-dependent payments — particularly manufacturing invoices and large service fees — Slash's real-time spend tracking records every transaction at initiation with vendor-level categorization, giving your finance team a timestamped, organized record of every Vietnam payment. When SBV compliance questions arise, the payment record is already structured and accessible. Transparent FX rates mean the cost of every dong-denominated payment is visible before you approve it.