Vietnam Russia Joint Venture Bank SWIFT/BIC code

SWIFT/BIC code of Vietnam Russia Joint Venture Bank

Whether a recipient gives you VRBAVNVX or VRBAVNVXXXX, it is the identical identifier for Vietnam Russia Joint Venture Bank in Vietnam. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the correct institution. It comes up mostly when dealing with payments that cross a border.

Further down you will find the practical side: receiving money at Vietnam Russia Joint Venture Bank, sending money abroad and how to check the code before you hit send. The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN .

What the XXX in VRBAVNVXXXX means

The structure of a BIC never changes: four characters for the institution, two for the country and two for the location, plus an optional branch code. For Vietnam Russia Joint Venture Bank, that core is VRBAVNVX.

The long version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, so VRBAVNVXXXX and VRBAVNVX are interchangeable.

Do not add spaces or dashes when you type VRBAVNVX. A wrong letter may route the money to a different institution, so copy it carefully.

Sending money abroad from Vietnam Russia Joint Venture Bank

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

Most of the cost usually sits in the exchange rate: many banks convert using an exchange rate that includes a margin. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many currency pairs, a specialist provider turns out to be less expensive than a bank – mostly thanks to the rate. On GoldexPay you can compare the amount that arrives with different providers, so you can pick the cheapest route. You can still keep your account at Vietnam Russia Joint Venture Bank to fund the transfer.

Incoming international payments to Vietnam Russia Joint Venture Bank

When you are waiting for a payment from another country, send the payer a complete set of details. Give them your name as the bank knows it, your account number or IBAN, the BIC VRBAVNVXXXX and your address.

Their bank might request the address of your bank; the head office in Hanoi is usually fine. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always arrive for the full amount. Charges on incoming payments vary from bank to bank – the price list of Vietnam Russia Joint Venture Bank tells you what applies. Agree with the sender who covers the fees, especially for larger amounts.

How long does an international transfer to Vietnam Russia Joint Venture Bank take?

How fast a payment arrives at Vietnam Russia Joint Venture Bank depends on several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent late in the day or just before weekends and holidays often go out the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact the sending bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

If a payment has not arrived within the expected time, the person who paid needs to contact the bank that sent it. On the receiving end, you can check your statements to see a slightly lower amount.

Verifying the SWIFT code of Vietnam Russia Joint Venture Bank

The safest source for the BIC is the recipient’s own bank details. When the code you were given differs from VRBAVNVX or VRBAVNVXXXX, stop and ask – contact the recipient or Vietnam Russia Joint Venture Bank.

A wrong SWIFT code may lead to a delay, a returned payment or additional charges. Remember the IBAN: a mistake there can be harder to undo than a wrong BIC.

An automatic check by your bank only tells you that the IBAN is valid, not that it is the right account. More and more banks compare the name against the account. When you pay someone new, many people send a small test amount.

Choosing between the 2 SWIFT codes of Vietnam Russia Joint Venture Bank

Vietnam Russia Joint Venture Bank has 2 different SWIFT/BIC codes. Only one is the head office code; the others belong to branches or departments.

If nobody asks you for a branch code, go with VRBAVNVXXXX or its short form VRBAVNVX. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Check with the recipient, or look at a recent statement from Vietnam Russia Joint Venture Bank. Codes for branches are more prone to be retired than VRBAVNVXXXX when a bank merges or closes offices.

About this information

The codes here come from public sources that we update regularly. Banks reorganise, close branches and retire codes, and a directory never catches every change immediately. Counts and locations are from our directory and may differ from what Vietnam Russia Joint Venture Bank publishes.

Treat our directory here as a helpful check. GoldexPay is not affiliated with Vietnam Russia Joint Venture Bank; we are a comparison site for money transfers. If you notice something that is out of date, we appreciate a short note.

Scams that use SWIFT codes

Fraudsters regularly send payment requests with new bank details sent from what looks like a familiar address. The fact that VRBAVNVX exists does not mean that the account is genuine.

Check new bank details through a separate channel, never via the email that asked for the change. Pressure and secrecy are red flags – a real supplier can wait a day. When money has already gone to a fraudster, contact your bank immediately.

Fraud can also target the receiver: someone sends more than agreed and asks you to return the difference via a different route. Wait until the money has really arrived and check with Vietnam Russia Joint Venture Bank if anything seems off.