Can foreigners open a current account at a bank in Vietnam ?

DMS Law office in Danang, Vietnam advise about how can individuals who are foreign nationals carry out procedures to open payment accounts at a bank providing payment services in Vietnam ?

Open a current account at a bank in Da Nang, Vietnam:

Foreign nationals (e.g. American, Chinese, Janpanese, Anh, Canadian, Swiss, Norwegian, Polish people,  Korean, Singaporean, Hong Kong people, Taiwanese, and citizens of other countries) who have a valid passport and entry visa to Vietnam, can carry out the procedures to open a payment account in foreign currency and a payment account in Vietnam Dong at a bank providing payment services in Da Nang, Vietnam.

Related requirements:

- Application for opening a payment account (according to the bank's prescribed form);

- Valid passport;

- Valid entry visa.

Legal bases:

- Consolidated document No. 15/VBHN-NHNN dated  28 December 2020;

- Foreign exchange ordinance No. 07/VBHN-VPQH dated 11 July 2013./.

Contact information:

Phone: 0989 157 682

Email: dmslawfirm@gmail.com

DMS LAW LLC

Director

(Signed)

Lawyer Do Minh Son