Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) SWIFT/BIC code

ICBVVNVX – the SWIFT/BIC code of Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade)

Whether you are given ICBVVNVX or ICBVVNVXXXX, you are looking at the same address for Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) in Vietnam. Every bank on the SWIFT network uses these codes to route international transfers to the correct institution. In daily life you mostly come across it on international invoices, in your banking app and in the bank details that Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) provides.

Further down we go through the practical side: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you hit send. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

How long does an international transfer to Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) take?

There is no single answer for every transfer: some arrive within a day. Transfers sent late in the day or on a weekend or public holiday usually start the next business day. Sometimes a bank wants to know about the purpose of a payment before releasing it.

When a payment takes longer than expected, ask your bank about the status so they can trace it along the chain. Money transfer services often provide a status in their app showing how far the money has got.

The bank that sent the money is able to start an official trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Where our SWIFT data comes from

Our SWIFT/BIC directory draws on public sources. It is possible that a code on this page is out of date. The figures we show reflect our own data.

Treat our data as a starting point, rather than as the final word. GoldexPay is not affiliated with Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade). Found outdated information? Tell us through the contact page so we can correct it.

ICBVVNVX or ICBVVNVXXXX – which one to use?

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and two for the location. Combined, these eight characters make up ICBVVNVX.

The full version has a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office, which is why ICBVVNVXXXX and ICBVVNVX lead to the same place.

Leave out spaces when you type ICBVVNVX or ICBVVNVXXXX. A wrong letter may route a payment to a different institution.

Getting paid from abroad into a Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) account

If you are waiting for a payment from another country, send the payer a complete set of details. Share the account holder’s name, your account number or IBAN, the BIC ICBVVNVXXXX and your address.

The sender’s bank might request the bank address of Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade), in which case the Hanoi head office is the usual answer. A mistake in your account number is more trouble than it looks; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. On invoices, it is common to state who bears the costs.

Which of the 157 codes of Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) do you need?

Our directory lists 157 SWIFT/BIC codes for Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade). Next to the head office code ICBVVNVXXXX, there are codes for branches, departments or specific services.

Unless the recipient tells you otherwise, use ICBVVNVXXXX or its short form ICBVVNVX. Branch codes are only needed if the recipient’s bank explicitly mentions it.

If you are not sure, check with the recipient which code their bank gave them. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Paying someone abroad from your Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) account

What you pay for a payment abroad has several parts – not just the fee on your screen. There is the transfer fee, sometimes fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the biggest item, and it is easy to miss. Check their rate against the mid-market rate.

For a lot of currency pairs, a specialist provider is less expensive than a bank. Next time you send money, take a minute comparing the total cost via GoldexPay. You can still keep your account at Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade) as the source of the money, while a cheaper service handles the conversion.

Verifying the SWIFT code of Vietnam Joint Stock Commercial Bank For Industry and Trade (Formerly Vietnam Bank For Industry and Trade)

Ask the recipient to send you the bank details straight from their banking app. Check it against ICBVVNVX on this page; if they differ, ask before you pay.

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges. Do not forget the IBAN: a mistake there is more difficult to correct than a wrong code.

An automatic check in your banking app only confirms that the IBAN is valid. Some banks now compare the name against the account – do not ignore a mismatch warning. A small test payment can be worth it for large sums, even if it costs an extra fee.

Watch out for payment fraud

A common scam works like this: you receive a request claiming that a contact now has new bank details. A correct SWIFT code says nothing about who owns the account.

Check changed bank details via a different channel, not by replying to the message. Urgency and secrecy are warning signs. Acted too fast? Call the bank you paid from without delay and have them try to recall the payment; also report it to the police.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference. A payment confirmation from the sender is no proof.