Swift Code BIDV help customers make international transactions conveniently. If you are a BIDV customer and are interested in this issue, please refer to the article below to better understand Swift Code!
What is Swift Code?
Swift (Society for Worldwide Interbank Financial Telecommunication) also known as BIC (Business Identifier Codes) is the Association of Global Banking and Finance.
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Swift or BIDV is an identifier that helps you to identify the location of any bank or financial institution operating around the world.
Swift Code consists of letters or numbers put together to form distinct codes. Banks will go through Swift Code to know what bank they are dealing with, where?
Swift Code length from 8-11 characters, in which:
- First 4 characters of bank identification
- First 2 characters identify the country
- The next 2 characters identify the locale
- The last 3 characters (if any) are used to identify the branch. If it is a main branch, the last 3 characters are “XXX”.
see more: What is BIDV?
What is Swift Code BIDV?
Abbreviated transaction name: BIDV
Full international name: Bank for Investment and Development of Vietnam
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Vietnamese transaction name: Bank for Investment and Development of Vietnam
Swift Code BIDV: BIDVVNVX
In there:
- BIDV: To identify the bank name. The full international name is Bank for Investment and Development of Vietnam. Transaction name in Vietnamese is Bank for Investment and Development of Vietnam.
- VN: To identify the country of Vietnam.
- VX: Is to determine the location.
Not all transactions through BIDV bank require Swift Code. However, you should remember the bank code because there will be times when you need to use it. Especially when you make international money transfer/receipt transactions.
see more: update Swift Code Vietcombank Latest
Swift Code BIDV Bank Branches
BIDV's bank code is currently used uniformly across all branches. This means that this code will be used by all branches of BIDV. When you make transactions with international banks, the Swift Code BIDV will be the only code BIDVVNVX.
Advantages of BIDV Bank Code
In addition to the consistency, the Swift Code of BIDV bank also has advantages such as:
High security
BIDV's bank code is a communication network and is only used in the banking system and administrative organizations. The security of Swift Code is high and safe, so customers can rest assured.
Fast transmission speed
Swift Code allows processing large amount of transaction information. Information transmission speed is fast, ensuring the best transaction execution time.
Low transaction costs
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Compared to traditional media like Telex, transactions using Swift Code are lower. Thus, customers do not have to worry too much about transaction costs.
Besides, Swift Code of BIDV bank also follows uniform standards around the world. Therefore, BIDV's customers will integrate with the world banking community more easily.
see more: update Swift Code Vietinbank Latest
What is the use of BIDV Bank Code?
Swift Code BIDV is intended to help customers easily conduct international transactions with specific effects such as:
- Transfer money quickly, transfer large amounts of money directly or make international transactions safely and quickly.
- Transfer or receive money between BIDV and other banks in the world.
- Receive money from Forex Brokers such as FXPro, Forex.com, HotForex… through Bank Transfer to a bank account in Vietnam.
- Help you determine where you want to transfer money, branch, specific address. Thanks to that, it helps to transfer and receive money quickly and conveniently.
Services Needing Swift Code BIDV?
Not all transactions at BIDV need to use Swift Code. This bank code is only used when transferring money abroad, i.e. making international transactions. Specifically:
- When receiving money from abroad, Swift Code is used to identify the name of the money sent from which bank, sender, and customer.
- When transferring money, it helps to identify the recipient's bank, in which country, branch and specific address.
- In addition, Swift Code is also used in some payment services such as Paypal, Payza.
Services using Swift Code will avoid confusion and wrong transactions. In case of wrong transfer, you can use this code to ask the bank to transfer it back to you.
Swift Code is a global association of banks and financial institutions. Using Swift Code will help customers transfer or receive money as well as exchange information with each other most conveniently and quickly. All information about the transaction will be notified in the most detailed and specific way to the customer.
Swift Code Other Banks In Vietnam
Ngân HàngTên Đầy ĐủBank CodeMã Swift CodeVIETCOMBANKNgân hàng TMCP Ngoại Thương Việt Nam (VIETCOMBANK)BFTVBFTVVNVXTECHCOMBANKTMCP Kỹ thương Việt NamVTCBVTCBVNVXBIDVĐầu tư và Phát triển Việt NamBIDVBIDVVNVXAGRIBANKNông nghiệp và Phát triển Nông thôn Việt NamVBAAVBAAVNVXVIETINBANKTMCP Công Thương Việt NamICBVICBVVNVXVPBANKTMCP Việt Nam Thịnh VượngVPBKVPBKVNVXSACOMBANKTMCP Sài Gòn Thương TínSGTTSGTTVNVXACBTMCP Á ChâuASCBASCBVNVXMBTMCP Quân ĐộiMSCBMSCBVNVXDONGABANKTMCP Đông Á – DongA BankEACBEACBVNVXTIENPHONGTMCP Tiên PhongTPBVTPBVVNVXLIENVIETPOSTTMCP Bưu điện Liên ViệtLVBKLVBKVNVXVIBTMCP Quốc tế Việt NamVNIBVNIBVNVXVIETBANKTMCP Việt Nam Thương TínVNTTVNTTVNVXABBANKTMCP An BìnhABBKABBKVNVXEXIMBANKTMCP Xuất Nhập khẩu Việt NamEBVIEBVIVNVXBAC ANGÂN HÀNG TMCP BẮC ÁNASCNASCVNVXVIET CAPITALTMCP Bản ViệtVCBCVCBCVNVXBAO VIETTMCP Bảo Việt – BAOVIET BankBVBVBVBVVNVXCIMBNgân hàng CIMB Việt NamCIBBCIBBVNVNPVCOMBANKTMCP Đại Chúng Việt NamWBVNWBVNVNVXOCEANBANKTM TNHH MTV OceanOJBAOJBAVNVXGPBANKTM TN HH MTV Dầu Khí Toàn CầuGBNKGBNKVNVXSEABANKTMCP Đông Nam ÁSEAVSEAVVNVXMARITIMETMCP Hàng Hải Việt NamMCOBMCOBVNVXHONG LEONG VNHong Leong Việt NamHLBBHLBBVNVXINDOVINATNHH IndovinaIABBIABBVNVXINDUSTRIAL BANK OF KOREAIndustrial Bank of KoreaIBKOIBKOKRSEXKIEN LONGTMCP Kiên LongKLBKKLBKVNVXVRBLiên doanh Việt – NgaVRBVRBAVNVXNAM ATMCP Nam ÁNAMANAMAVNVXCBBANKTNHH MTV Xây dựng Việt NamGTBAGTBAVNVXNONGHYUPNonghyup – Chi nhánh Hà Nội (NHB – Chi nhánh Hanoi)NACFNACFVNVHHDBANKTM City Housing Development. Hồ Chí MinhHDBCHDBCVNVXOCBTMCP Phương ĐôngORCOORCOVNVXPUBLIC BANK VNTNHH MTV Public Việt NamVIDPVIDPVNV5NCBTMCP Quốc DânNVBANVBAVNVXSCBTMCP Sài GònSACLSACLVNVXSHBTMCP Sài Gòn – Hà NộiSHBASHBAVNVXSAIGONBANKTMCP Sài Gòn Công ThươngSBITSBITVNVXSHINHANVNSHINHAN Bank (Vietnam)SHBKSHBKVNVXHSBCHSBC Việt NamHSBCHSBCVNVXSCVNTNHH MTV Standard Chartered Việt Nam (SCVN)SCBLSCBLVNVHUOB VNUOB Việt NamUOVBUOVBVNVXVIET ATMCP Việt ÁVNACVNACVNVXWOORI BANK VIET NAMNgân hàng Woori VietnamHVBKHVBKVNVXPGBANKTM Petrolimex PetrolimexPGBLPGBLVNVX
Conclude
Here are the information to help you better understand Swift Code BIDV. Hopefully with these shares, readers have understood the Swift Code of this bank. Thereby making international money transfer or receipt transactions simpler and more convenient.
Information edited by lamchutaichinh.vn
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