Letter of Credit (L/C): conditional payment commitment in writing by a financial institution (usually a Bank) for the beneficiary of L/C (usually the seller or service provider) provided that the beneficiary must present appropriate documents with all terms specified in the L/C, Practice for Documentary Credits (UCP) referred to in the letter of credit and in accordance with the standard practice of international banks used to examine documents in documentary credit method.

If the customers wish to import goods from abroad, you can choose payment method by L/C at LaoVietBank, and LaoVietBank will meet the needs of customers in a convenient and fast manner with appropriate cost and also get trust from your partners when choosing LaoVietBank to opening L/C.

Benefits for customers

- Get free advice about rules and practices of international trade, particularly in terms of L/C to minimize risks arising in the course of trade

- Get inspection by LaoVietBank in term of validity of the documents.

- Get financial support through import sponsorship programs.

- Simple, fast and convenient procedures for issuing L/C

- Importers believe that the exporter will quickly and safely receive amount paid by them.

Dossiers

- L/C opening request (Form of LaoVietBank);

- Foreign trade contracts and other documents related to the import;

- Certificate of paid capital (equity capital or loans);

- Legal records;

For more information or need further guidance, please contact

Phone number: 021 244229 Fax number: 021 240789