Hochiminh City Development Joint Stock Commercial Bank SWIFT/BIC code

HDBCVNVX – the SWIFT/BIC code of Hochiminh City Development Joint Stock Commercial Bank

Whether you are given HDBCVNVX or HDBCVNVXXXX, it is the identical address for Hochiminh City Development Joint Stock Commercial Bank in Vietnam. A SWIFT code tells the banks handling a payment which institution should receive the money. It comes up mainly when dealing with payments that cross a border or a currency.

Further down you will find the practical questions: receiving money at Hochiminh City Development Joint Stock Commercial Bank, paying someone in another country and how to verify the code before you confirm a payment. The BIC names a bank or branch, never a single account.

Incoming international payments to Hochiminh City Development Joint Stock Commercial Bank

When you are waiting for money from abroad, send the payer all details at once. What they need is: your name, IBAN or account number, HDBCVNVXXXX and in many cases your home address.

The sender’s bank may request the address of your bank; the head office in Ho Chi Minh City is usually fine. Double-check each detail before you send them, because the sender’s bank usually copies them as is.

What lands in your account can be less than the amount sent. Fees for incoming transfers vary per bank. For business payments, it is common to agree how the fees are split.

What a transfer from Hochiminh City Development Joint Stock Commercial Bank abroad really costs

A bank transfer abroad costs more than the listed fee. Besides a fixed fee, banks in between may deduct a fee, and when currencies are converted the bank usually applies a rate that is less favourable than the actual market rate.

That exchange rate margin tends to be the largest cost because it is hidden in the rate. Compare their rate against the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives. Choosing a specialist does not require closing your account at Hochiminh City Development Joint Stock Commercial Bank – you pay the provider from your own account.

Which of the 2 codes of Hochiminh City Development Joint Stock Commercial Bank do you need?

Having 2 codes, Hochiminh City Development Joint Stock Commercial Bank belongs to the banks that use separate codes for branches. The main code is HDBCVNVXXXX.

For most incoming transfers, the head office code HDBCVNVXXXX is the right choice. A branch code only makes sense if the recipient’s bank explicitly asks for it.

The best way is to copy the code directly from the account holder’s invoice. Codes can change when banks reorganise.

When will the money arrive at Hochiminh City Development Joint Stock Commercial Bank?

There is no fixed answer for international payments: some land within a day, others take several business days. Payments made after the cut-off time or on a weekend or public holiday usually start a business day later. Sometimes a bank wants to know about the purpose of a payment.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR that banks can use to trace it. Save your transfer receipt – you will need it for any trace request.

A delayed transfer has to be traced from the sending side. As a recipient, you can look at your statements for a slightly lower amount, since fees may have been deducted.

HDBCVNVX or HDBCVNVXXXX – which one to use?

A BIC is made up of fixed blocks: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. That gives you HDBCVNVX.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Enter the code as one block, in upper case and without separators, exactly as shown here. Copying the code beats retyping it: a typo can point to another bank.

Is HDBCVNVX still correct? How to check

Ask the recipient to send you the account details straight from their banking app. Check it against HDBCVNVX here and ask if anything does not match.

A wrong SWIFT code can cause a delay, a payment being sent back or extra fees for investigation. A mistake in the account number is more serious, because the money may be credited to someone else.

Most online banking apps validate the format of an IBAN – that confirms the format, not the owner. Where available, a name check on the recipient gives extra certainty. Sending a small amount first can be a sensible step for large sums, even if it costs an extra fee.

About this information

This directory is based on publicly available sources and we update it periodically. Even so, banks merge or retire codes, so information can be out of date. The number of codes on this page reflect our own data.

For a payment that matters, always check the code with Hochiminh City Development Joint Stock Commercial Bank or with the recipient. GoldexPay is a comparison site for money transfers and not affiliated with Hochiminh City Development Joint Stock Commercial Bank. Spotted an error? Let us know via our contact form so we can correct it.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a request saying that a supplier has new bank details and asking you to pay there from now on. The fact that HDBCVNVX exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Always confirm a change of bank details by phone, using a number you already had. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

Fraud also work the other way. Someone claims to have sent more than agreed and wants you to refund the extra. A payment confirmation from the sender is no proof.