Vietnam , too severe policy for foreigners over bank account

youngor New member

Member since 20 April 2016

youngorNew member09 July 2016 10:52:02

Vietnam has too severe policy for foreigners to open account in bank in Vietnam,foreigners can only hold cash in hand,not allowed to make deposits in bank account.This policy will frighten foreigners to remit money from abroad to Vietnam, which is very imporper for acountry in urgent need of foreign currencies.

Good_Man Serial expat

Member since 08 October 2013

Good_ManSerial expat09 July 2016 11:40:43

203

I've been here for two and a half years and never had a problem. Ipened an account with a valid visa and have made deposits with a valid work permit and authorized pay slip.聽 I've been very pleased with the service at BIDV

Tigername Guest

TigernameGuest22 July 2016 17:57:12

If I come to VN on a visitor visa without employment or a working visa will I be permitted to open up a local bank account?

SimonLee Active member

Member since 12 November 2015

SimonLeeActive member23 July 2016 02:03:27

It's not as difficult as people claim it to be.聽 Sure, it may take a while to set up in person.聽 But, if you have the appropriate paperwork, it's a breeze.

Tigername Guest

TigernameGuest23 July 2016 03:28:46

I have never had a problem with opening an account. Putting money into an account once it's opened is a bit more difficult due to the governments fear of money laundering.

KruChris Serial expat

Member since 29 April 2016

KruChrisSerial expat24 July 2016 02:03:07

301

Personally, I think payments for less than $ 1,000 should be exempt from over the top red tape. I had credit card bills to pay overseas. And now, friends who owe me claim they cannot send me money.

Tigername Guest

TigernameGuest24 July 2016 02:09:06

You should check your friends story, I receive money from PayPal all the time. It's not money coming from outside of VN that's the problem,it's money being placed into your account from inside VN.

BuddyM Contributor

Member since 09 December 2015

BuddyMContributor18 August 2016 01:11:05

105

Your can open an VND/USD HSBC bank account within 3-4 days complete with internet banking secure device. Excellent personal service, at least at its main office branch.

larsay Active member

Member since 13 January 2015

larsayActive member18 August 2016 06:34:13

I opened an account without any problem, and they gave me an ATM card. Curiously, if you want a debit or credit card, you have to open a second account. To my knowledge, visitors cannot open one.

Peter d T New member

Member since 16 December 2013

Peter d TNew member26 August 2016 04:45:50

#10

Not sure of the difficulties you've had but I had no trouble at all. I started with VIB 4 years ago. Now using Techcombank.聽 Though you need to put your money into Dong you at least get a reasonable interest - 6.5 currently at Techcom... even better with some banks..
You could always use in International bank like HSBC.(which I also use).