Now it will be easier for Russian businesses to develop new markets, establish supplies and conduct settlements with counterparties in Vietnam. Also this is another opportunity to receive foreign currency payments to a Russian account. Opening and account maintenance is free. Sending transfers – until 12:00 Moscow time. Commission per transfer: from 0.1%.
“New currencies will be especially relevant for sellers. Vietnam is rapidly increasing its production capacity and is gradually becoming the “new China” — especially for textiles, electronics, and agricultural products, including coffee. For the Russian IT industry, it is important that Vietnam remains the focus of the semiconductor industry and is developing other high-tech areas. Current accounts in Vietnamese Dong give entrepreneurs the opportunity to discover this region or simplify working with local suppliers,” says Pavel Semenov, Chairman of the Board of Modulbank.
Modulbank is constantly working to expand payment instruments, including payment exchange capabilities for foreign trade participants. Now Modulbank clients can conduct settlements with counterparties in 14 currencies, including in Kazakh tenge, Belarusian rubles, Armenian drams, Azerbaijani manats, Georgian lari, Tajik somoni, Turkish lira, Uzbek sums, Kyrgyz soms, and now also in Vietnamese dongs. The portfolio of additional currencies will be replenished.