International Payment in Vn

4230 Words Nov 24th, 2012 17 Pages
Methods of International Payment in Vietnam | May 11
2012

| ACB |

ASSIGNMENT:
DOCUMENTARY COLLECTION IN ASIAN COMMERCIAL BANK (ACB)

I. The necessary of international payment 1. Definition:
International payment is the process executing obligations to payment and entitlements to benefits of money which results in economic and non-economic activities between organisations, individuals of different nationalities or between a nation and an international organisation through banks of related partners. 2. Roles of international payment
For the economy
International payment activity plays an important role in the economic development of the country. A country cannot develop with closed policy, or only basing on the internal
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II- General information on the Asia Commercial Bank 1. Basic information

Contact Info
Address: 442 Nguyen Thi Minh Khai, District 3, HCMC
Tel: (848) 3929 0999 Fax: (848) 3839 9885
Email: acb@acb.com.vn
Website: www.acb.com.vn

Charter capital
Since 31/12/2010 ACB's charter capital is VND 9,376,965,060,000 (Nine thousand three hundred seventy six billion nine hundred and sixty-five million and sixty thousand)

Main products and services * Raising capital (customer deposits) in Vietnam dong, foreign currencies and gold * Use of capital (credit offers, investment, joint venture partnership) in VND, foreign currencies and gold * The intermediary services (make payments domestically and internationally, make treasury services, remittance and money transfer, life insurance through banks). * Trading in foreign currencies and gold * Issuing and accepting payments through credit card, debit card.

Distribution network
There are 327 branches and transaction offices in economically developed areas across the country.

2. Information on ACB’s Operation:

2011 | 2010 | Total Assets281,032,834 million VND | Total Assets205,102,950 million VND | Total Liabilities267,187,611 million VND | Total Liabilities193,726,193 million VND | Total

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