Means of payment in Vietnam

Collection

Exports to Vietnam

  • Documentary Credit:
    means the seller has the security of collecting payment prior to shipping the goods. Option of financing for the Vietnamese payer (importer).
  • Collections:
    collection management of commercial documents with the purchaser by a local bank, usually with sight draft or payment.
  • Guarantees for advance payment:
    performance bonds, deposits and also for regular transactions or capital goods.

Payment

Imports from Vietnam

  • Documentary Credit:
    banking payment commitment conditional on submitting documents accrediting the export.
  • Import remittance:
    collection management of payment documents with the purchaser by the Spanish bank.
  • Guarantees:
    includes the category of surety up to 12 months to cover regular purchasing periods .