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