Can I have a bank account in Vietnam?

Can foreigners open a bank account in Vietnam?

As a non-resident in Vietnam, a foreigner is welcome and has the freedom to open a bank account in the country. This is highly recommended for quick and convenient transactions, especially if you are planning to reside in Vietnam for more than six (6) months or directly invest to the Vietnamese market.

How much do I need to open a bank account in Vietnam?

To apply for an ACB current account, you will need to submit your passport with Vietnamese visa stamp and ACB application form to open a new bank account. The minimum deposit is VND 100,000.

Which bank is best for foreigners in Vietnam?

What are the best banks in Vietnam for foreigners?

  • Saigon-Hanoi Commercial Joint Stock Bank (SHB)
  • Vietnam Technological and Commercial Joint Stock Bank (Techcombank)
  • Saigon Commercial Bank (SCB)
  • Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank)
  • Vietnam Prosperity Joint-Stock Commercial Bank (VPBank)

What US banks are in Vietnam?

There are five U.S. banks and financial institutions operating in Vietnam. Citibank and Far East National Bank have branches, Wells Fargo and Visa International have representative offices, and JP Morgan Chase has both a branch and a representative office.

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Can I open a bank account in Vietnam with a tourist visa?

Requirements for opening a bank account in Vietnam

This means that banks will not open an account for you if you are on a tourist visa with a duration of less than one year. Although some individual branches may act at their own discretion, this article relays the new law in plain English.

How can I open a bank account in Vietnam?

What is the process of activating a personal bank account in Vietnam?

  1. Your passport.
  2. Your valid Vietnam visa or visa exemption.
  3. An application form (you can fill the form at the bank)
  4. Minimum deposit (which depends on each bank’s regulation)
  5. Work contract and work permit if you enter Vietnam with a working visa.

What is the best bank in Vietnam?

The Top Banks in Vietnam are:

  • Vietcombank – Foreign Trade. …
  • Bank for Investment and Development of Vietnam (BIDV) …
  • Military Bank. …
  • SHB. …
  • Techcombank. …
  • Saigon Commercial Bank (SCB) …
  • Maritime Bank. …
  • VP Bank – Vietnam Prosperity.

What are the international banks in Vietnam?

What are the popular foreign banks in Vietnam?

  • Hongkong – Shanghai Bank Vietnam Limited (HSBC)
  • Australia and New Zealand Banking Group Limited (ANZ Bank)
  • Standard Chartered.
  • Citibank Vietnam.
  • Shinhan Vietnam.
  • United Overseas Bank Limited (UOB)

How much money can you bring into Vietnam?

How Much Cash Can I Carry into Vietnam? There are no restrictions on the amount of cash that travelers can bring into Vietnam, but it may have to be declared at customs. If the cash is in Vietnamese Dong, the individual can carry up to ₫15,000,000 without having to declare it.

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Can foreigners transfer money out of Vietnam?

Legislation on Money Transfers Abroad

The law is very clear on this subject: if you are a Vietnamese resident and a foreigner, you have the right to take money out of the country as soon as it has been legally earned. This means that you have paid your taxes on them.

Is Citibank in Vietnam?

Citibank Vietnam is a bank which set its first footprint in Vietnam in 1975, and then started up a representative office in Hanoi in 1993. … Citi has two branches in Vietnam, one in Hanoi and one in Ho Chi Minh City.

Does Vietnam have HSBC?

HSBC Bank (Vietnam) Ltd. is also the first wholly foreign-owned bank to operate both branches and transaction offices in Vietnam. HSBC is currently one of the largest foreign banks in Vietnam.