Customers with accounts in Vietnam: new mandatory payment fields effective 18 June 2018

Last updated: 1 May 2018

From 18 June, the following fields will become mandatory for payments from Vietnamese accounts made on-screen in HSBCnet and via File Upload:

HSBCnet Payment type	Mandatory field as of 18 June	Input instructions
Priority Payment	Information for the beneficiary / Additional details	Use these fields to provide a clear description about the purpose of the payment. Sample descriptions are provided below.
Customer Transfer	Information for the beneficiary / Additional details
Inter-account Transfer	Transfer details / Additional details
ACH Credit	2nd party reference The character limit for this field will be increased from 12 characters to 35 characters.

Below are some examples of purpose of payment descriptions you can use in the above fields:
Payment for raw materials	Payment for imported goods and services	Salary/Allowances/Bonus for month xxx
	Payment for imported goods and services	Salary/Allowances/Bonus for month xxx
Short/Long-term Loan – Principal/interest (amount)	Payment for contract/invoice number xxx	Dividend for year xxx
	Payment for contract/invoice number xxx	Dividend for year xxx
Capital injection for xxx	Pay for shares

Do I need to do anything before 18 June?

General and Restricted templates:
We recommend that you review your General and Restricted templates before 18 June and make sure the mandatory fields are completed. Any payment templates that don’t include the mandatory fields after 18 June will be rejected.
Payment files (File Upload):
We recommend that you review your payment files ahead of 18 June and update as needed. As of 18 June, payment files that don’t include the mandatory information will be rejected.

If you have any questions about the updated payment screens, please contact your HSBC representative or local HSBCnet Support Centre.