Vietnam Bank For Agriculture and Rural Development SWIFT/BIC code

SWIFT/BIC code of Vietnam Bank For Agriculture and Rural Development

VBAAVNVX and VBAAVNVXXXX are two spellings of the same bank identifier, and both point to Vietnam Bank For Agriculture and Rural Development in Hanoi. A SWIFT code tells the sending bank which institution is meant to get the money. In daily life you usually come across the code on international invoices, in your banking app and in the bank details that Vietnam Bank For Agriculture and Rural Development provides.

Below we go through the practical side: receiving money at Vietnam Bank For Agriculture and Rural Development, sending money abroad and how to check a SWIFT code before you hit send. A SWIFT code identifies a bank or branch, not a single account.

About this information

The details on this page come from publicly available data which we refresh regularly. Still, banks merge or change codes and our data may lag behind. The number of codes we show reflect what is in our directory and not on information from Vietnam Bank For Agriculture and Rural Development itself.

Use our data as a reference, not as the final word – the bank details from the recipient are leading. GoldexPay is an independent comparison service for money transfers and not part of Vietnam Bank For Agriculture and Rural Development. Spotted an error? Tell us via our contact form so we can correct it.

Verifying the SWIFT code of Vietnam Bank For Agriculture and Rural Development

The most reliable source for a SWIFT code is the recipient’s own bank details. If the code you have does not match VBAAVNVX or VBAAVNVXXXX, stop and ask: check with the recipient or with Vietnam Bank For Agriculture and Rural Development directly.

An incorrect BIC can cause delays, a returned payment or extra fees for investigation. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

A validity check by your bank merely confirms that the IBAN exists, not that it is the right account. Some banks now check the payee name with the account – do not ignore a mismatch warning. When you pay someone new, many people start with a small test amount.

Protect yourself against fake payment requests

Be wary when someone unexpectedly asks you to pay into a different account or a bank in another country. A valid SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Do not rely on contact details from the same email that contains the change. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud can also target the receiver: someone claims to have sent too much and asks you to return the extra. Wait until the money is actually in your account and check with Vietnam Bank For Agriculture and Rural Development if anything seems off.

Vietnam Bank For Agriculture and Rural Development: head office code versus branch codes

We have 194 SWIFT/BIC codes for Vietnam Bank For Agriculture and Rural Development in 76 places. Next to the head office code VBAAVNVXXXX, there are codes for individual branches and departments.

For the vast majority of incoming transfers, the head office code VBAAVNVXXXX is what you need. Only use a branch code when your contact explicitly asks for it.

Not sure which code applies? Check with the recipient or the bank itself. Branch codes are sometimes changed or retired when banks reorganise.

Incoming international payments to Vietnam Bank For Agriculture and Rural Development

For an international payment into your account at Vietnam Bank For Agriculture and Rural Development, the person paying you needs more than the BIC. In practice that means: your name as registered with Vietnam Bank For Agriculture and Rural Development, your account number or IBAN, the BIC VBAAVNVXXXX (or VBAAVNVX) and sometimes your address.

It helps to include Vietnam Bank For Agriculture and Rural Development and its city too, because some payment forms have separate fields for them. A mistake in the IBAN is more trouble than you might think, so copy the details from your online banking.

Expect that the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, Vietnam Bank For Agriculture and Rural Development may charge for incoming payments, and when currencies differ, a markup on the rate applies. On invoices, it is common to agree how the fees are split, so that nobody is left short.

8 or 11 characters: VBAAVNVX versus VBAAVNVXXXX

The layout of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code. The result is VBAAVNVX.

The 11-character version has three more characters for a branch or department. If the last three are XXX, the code points to the head office.

Enter the code as one block, in capitals and without separators. A wrong letter can send the money to another bank.

How long does an international transfer to Vietnam Bank For Agriculture and Rural Development take?

A SWIFT payment usually takes one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country can add a day or more to the journey. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services often provide a status online so you can see how far the money has got.

If a payment has not arrived within the expected time, the person who paid needs to start with the bank that sent it rather than Vietnam Bank For Agriculture and Rural Development. Request from the sender the payment receipt with the date and reference.

Paying someone abroad from your Vietnam Bank For Agriculture and Rural Development account

When you send money abroad through Vietnam Bank For Agriculture and Rural Development, the fee you see is only part of what you pay. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted, the bank usually applies a rate below the actual market rate.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate that includes a margin. An easy check: set the bank’s rate next to the mid-market rate and look at the difference.

Specialist money transfer services frequently offer a rate near the mid-market rate with clearer fees. Before your next transfer, take a minute comparing what arrives on GoldexPay. You can always keep your account at Vietnam Bank For Agriculture and Rural Development as the source of the money; only the conversion and sending happen elsewhere.