List of steps
(Total number of steps: 11)
Meet Investment Promotion Centre (IPC)
Obtain certified copies of foreign documents  (2)
Obtain consular legalized copies of documents  (2)
Obtain certified translation of documents  (2)
Obtain authenticated copies of passports or Vietnamese ID cards  (1)
Declare investment project information online
Obtain investment registration certificate (IRC)  (2)
Obtain authenticated copies of IRC  (1)
Open bank account  (1)

Preview & Print

Properties
 
11
Open bank account
(last modified: 8/21/2017)

Expected results

Bank account information (confidential) 01 - Bank account information (confidential)

Requirements

1. Application for opening bank account
Application for opening bank account (original)
2. 01 - Libre deuda de patente
Authenticated copy of IRC
3. 01 - Libre deuda de patente
Passport or Vietnamese ID card of investor (original)
or 01 - Libre deuda de patente
Passport or Vietnamese ID card of authorized person (original)
4. 01 - Libre deuda de patente
Power of attorney (original)
issued by investor for his/her legal representative in case investor is unable to come
5. 01 - Libre deuda de patente
Certificate of tax registration (Simple copy)
please note that original version should be presented for checking
6. 01 - Libre deuda de patente
Seal registration certificate (Simple copy)
please note that original version should be presented for checking

Time frame

Waiting time in queue: Max. 5mn
Attention at counter: Max. 25mn

Legal justification

1. Ordinance No.28/2005/PL-UBTVQH11 on Foreign Exchange
Ordinance No.28/2005/PL-UBTVQH11 on Foreign Exchange
Article 11
2. Ordinance No. 06/2013/UBTVQH13 amending and supplementing a number of articles of the Ordinance on foreign exchange No.28/2005/PL-UBTVQH11
Ordinance No. 06/2013/UBTVQH13 amending and supplementing a number of articles of the Ordinance on foreign exchange No.28/2005/PL-UBTVQH11
Article 1.4

Additional information

The foreign owned capital company (Foreign investors joining business cooperation contract) must open accounts of direct investment capital at an authorized credit institutions. The contribution of investment capital, remittance of principal investment capital and profits and other lawful revenue must be effected via these accounts. There's no fee to open a bank account, but banks may request to keep a minimum account balance. Each bank provides its own form for opening bank account and normally requires authenticated Investment Certificate.
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