Business Bank Account Vietnam

To start an account you ll need to bring the following documents with you to the bank of your choice when you go to apply.

Business bank account vietnam. As a vietnamese as far a. Bank opening hours will vary from bank to bank however there is a general guide to opening hours. Atms are readily available in vietnamese cities and internet banking comes as standard with all accounts.

Requirements to open a bank account in vietnam. Foreign citizens and companies interested in opening bank accounts in vietnam must present a set of documents with the bank they want to work with. It s best to have a domestic bank account than spend money using your overseas bank cards and get charged fees.

Business and legal are not my expertise so i m just going to tell you what i think and how this process should be. You should seek for proper legal counsel law firms may also be able to provide you a pre made package. For payments in vietnam salaries can be credited to respective employees accounts on the same day thanks to our direct participation in ibps system citad a nation wide local clearing system and vcb money an internet payment services of vietcombank a largest local bank in vietnam.

Expats will find that staff at banks in vietnam are friendly and willing to help them set up an account. Banking infrastructure in vietnam is relatively modern and straightforward to use. Upon opening your account some banks will ask whether you want to bank in vietnamese dong or in u s.

So let s get started with some common questions to ask before you pick a banking partner. As an incoming expat you are free to open a bank account within the. A proof of identity in the case of individuals.

Can i open a bank account as a non resident of vietnam. However many expats prefer to maintain an account with one of the many international banks that have. Dollars and this simply indicates which currency you will store your savings in.