BFTVVNVX SWIFT/BIC Code

The SWIFT number BFTVVNVX was issued by JOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM in HANOI.

SWIFT/BIC NumberBFTVVNVX
Bank NameJOINT STOCK COMMERCIAL BANK FOR FOREIGN TRADE OF VIETNAM
Bank CityHANOI
Bank Branch(HEAD OFFICE)

What is a SWIFT code?

A SWIFT/BIC code is a standard format to uniquely identify all banks and financial institutions across the world. SWIFT codes are a standard format for BIC - Business Identifier Codes.

If you transfer money across international lines you nearly always need to use a SWIFT code, as it’s the way banks, financial institutions and money transfer services figure out where the money needs to go. You can think of a BIC code a bit like an international postal code. A bank on one side of the world finds the right bank on the other side of the world. Similar to how sending a postcard to the wrong ZIP code means it could get returned, the same applies for your money and the wrong SWIFT code.

What does a SWIFT/BIC look like?

A BIC/SWIFT code can be either 8 or 11 characters long:

AAAA BB CC DDD

  • AAAA: 4 character bank code.Just letters, no numbers.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. This is optional and can be letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for banks who are actively connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.