An Hoa Phat Co., Ltd
Address: 39 N22 Street, Tan Binh Service Residential Area, Tan Thang Quarter, Tan Dong Hiep Ward, Ho Chi Minh City, Vietnam
Phone: +84 943 438 639
Email: contact@anhoaphat.vn
1. Purpose
This Payment Policy ensures transparency, reliability, and security in all financial transactions between An Hoa Phat Co., Ltd and its wholesale or export–import clients.
2. Scope of Application
Applies to all wholesale, export, and import orders handled by the company.
Not applicable to retail or small trial orders.
3. Accepted Payment Methods
3.1. Bank Transfer (T/T)
- The most common method for both domestic and international orders.
- Payment must be made to the company’s designated bank account as stated in the contract or invoice.
- Transactions are considered valid only when funds are confirmed in the company’s account.
3.2. Letter of Credit (L/C)
- Applied to large export orders or international clients.
- L/C must be irrevocable and follow UCP 600 – ICC standards.
- Payment terms (sight or usance) are to be specified in the sales contract.
3.3. Cash Payment
- Only accepted for small-value domestic orders under special approval.
- Receipts must be issued for every transaction.
4. Payment Terms
4.1. Deposit
- A deposit of 30–50% of the total order value is required upon signing the contract.
- The deposit confirms the order and allows production to begin.
4.2. Remaining Balance
- The balance must be settled prior to shipment or after document confirmation, depending on contract terms.
- For multi-shipment orders, payments will follow delivery progress.
4.3. Late Payment
- If payment is delayed, the company reserves the right to:
- Suspend delivery; or
- Apply a late payment penalty (typically 0.05%–0.1% per day) as specified in the contract.
5. Currency and Bank Charges
- Transactions can be made in VND or USD, as agreed.
- All bank transfer charges (domestic or international) are borne by the buyer unless otherwise agreed in writing.
6. Payment Confirmation
- Payment is deemed valid only after official confirmation from the company’s accounting department.
- Invoices, receipts, and payment records are provided upon request.
7. Refunds and Order Cancellation
- If an order is canceled due to the company’s fault, 100% of the deposit will be refunded.
- If cancellation occurs after production has started, the deposit is non-refundable.
- Any refund or adjustment must be agreed upon in writing by both parties.
8. Payment Support Contact
Accounting Department – An Hoa Phat Co., Ltd
- Email: contact@anhoaphat.vn
- Phone: +84 943 438 639
